Cantor Fitzgerald Initiates Coverage on Coinbase Global (NASDAQ:COIN)

Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Coinbase Global (NASDAQ:COIN) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $277.00 price target on the cryptocurrency exchange’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 32.26% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 price target for the company. President Capital lifted their price objective on Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Oppenheimer lowered their target price on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Rosenblatt Securities raised their price target on Coinbase Global from $450.00 to $470.00 in a research report on Friday, October 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $440.00 price target on shares of Coinbase Global in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Coinbase Global has an average rating of “Moderate Buy” and an average target price of $356.27.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $209.43 on Tuesday. The firm’s fifty day simple moving average is $246.64 and its 200-day simple moving average is $303.34. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market cap of $56.47 billion, a PE ratio of 18.12 and a beta of 3.70. Coinbase Global has a fifty-two week low of $142.58 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 55.1% compared to the same quarter last year. Analysts expect that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 8,050 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.00, for a total value of $2,012,500.00. Following the transaction, the chief financial officer directly owned 70,664 shares in the company, valued at approximately $17,666,000. This represents a 10.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 820,587 shares of company stock valued at $240,717,580 over the last quarter. Insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently modified their holdings of COIN. Bessemer Group Inc. boosted its holdings in shares of Coinbase Global by 672.2% in the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after acquiring an additional 1,015 shares in the last quarter. SP Asset Management LLC acquired a new stake in Coinbase Global in the second quarter worth approximately $360,000. New York Life Investment Management LLC lifted its position in Coinbase Global by 890.8% in the second quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after purchasing an additional 28,302 shares during the period. Lauterbach Financial Advisors LLC bought a new position in Coinbase Global during the 2nd quarter valued at $390,000. Finally, Atria Investments Inc acquired a new position in shares of Coinbase Global during the 2nd quarter valued at $1,137,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Cantor Fitzgerald starts coverage with an “overweight” rating and $277 target, signaling institutional support and a material upside vs. current levels. Coinbase coverage at Zacks
• Positive Sentiment: BTIG reaffirmed a buy stance, keeping sell-side support that can buoy sentiment if crypto volumes recover. BTIG Sticks to Its Buy Rating for Coinbase Global (COIN)
• Positive Sentiment: Product expansion: Coinbase and Kalshi launched prediction markets across all 50 US states, opening a new revenue stream tied to event contracts. This broad rollout could increase user engagement ahead of major events. Coinbase launches prediction markets in all 50 US states via Kalshi
• Positive Sentiment: Security initiative: Coinbase expanded automated threat-intelligence sharing with Crypto ISAC, which could reduce operational risk and reassure institutional clients. Coinbase Expands Automated Threat Intelligence Sharing with Crypto ISAC
• Positive Sentiment: Product development: Coinbase is testing “custom stablecoins” (backend testing of USDF), which could drive B2B revenue and stickier institutional flows if launched widely. Coinbase moves closer toward rolling out ‘custom stablecoins’
• Neutral Sentiment: Corporate/PR: Coinbase plans to participate in the “Trump Accounts” employee program and match contributions in Bitcoin — a novel benefits move but politically sensitive. Coinbase Joins Trump Accounts Program, Plans Bitcoin Contributions
• Neutral Sentiment: Management prepping for long-term tech risks (quantum advisory board) and CEO commentary from Davos — positions Coinbase as forward-looking but not immediately revenue-moving. Coinbase Is Prepping For ‘Future Threats’
• Neutral Sentiment: Short-interest data reported as large increases but shows 0 shares/NaN — appears to be a data/reporting anomaly rather than a genuine short squeeze signal.
• Negative Sentiment: Regulatory risk: The White House summoned Coinbase and banks to discuss a crypto bill; Coinbase pushed back on bank-lobbyist language limiting exchanges’ reward products — this raises the prospect of restrictive regulations that could hit product offerings and revenue. White House summons Coinbase, banks to hash out crypto bill
• Negative Sentiment: UK ad ban: The Advertising Standards Authority reportedly banned Coinbase ads for downplaying crypto risks — a reputational hit in a major market and an example of heightened regulatory scrutiny of marketing practices. UK bans Coinbase ads that ‘trivialized’ crypto risks: Report
• Negative Sentiment: Macro/market pressure: Bitcoin consolidation and recent ETF outflows point to institutional selling, which typically reduces trading volume and fee revenue for Coinbase. Bitcoin Stuck in 60-Day Range as Record ETF Outflows Show US Selling Pressure

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.