Coinbase Global (NASDAQ:COIN) Sets New 1-Year Low After Analyst Downgrade

Shares of Coinbase Global, Inc. (NASDAQ:COIN) reached a new 52-week low during trading on Thursday after Piper Sandler lowered their price target on the stock from $270.00 to $150.00. Piper Sandler currently has a neutral rating on the stock. Coinbase Global traded as low as $140.94 and last traded at $140.6240, with a volume of 5890839 shares traded. The stock had previously closed at $153.20.

A number of other equities research analysts also recently issued reports on COIN. Wall Street Zen downgraded shares of Coinbase Global from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. Barclays lowered their price target on shares of Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Coinbase Global in a research report on Wednesday, December 17th. They issued a “buy” rating and a $340.00 price target for the company. Finally, UBS Group set a $340.00 price objective on Coinbase Global in a research report on Wednesday, December 17th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus price target of $291.85.

Insiders Place Their Bets

In other news, CFO Alesia J. Haas sold 364,600 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Grewal sold 11,955 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $246.18, for a total value of $2,943,081.90. Following the completion of the sale, the insider owned 75,811 shares in the company, valued at approximately $18,663,151.98. The trade was a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 672,498 shares of company stock worth $137,109,701 over the last three months. 16.56% of the stock is currently owned by corporate insiders.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Institutional Trading of Coinbase Global

A number of large investors have recently made changes to their positions in COIN. Vanguard Group Inc. increased its holdings in Coinbase Global by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after purchasing an additional 184,043 shares during the period. Geode Capital Management LLC grew its position in shares of Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after buying an additional 189,080 shares in the last quarter. Norges Bank purchased a new position in shares of Coinbase Global during the second quarter valued at $1,044,354,000. ARK Investment Management LLC increased its stake in shares of Coinbase Global by 6.1% during the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after buying an additional 146,388 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock valued at $661,437,000 after acquiring an additional 108,751 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Trading Up 16.5%

The stock’s 50 day moving average is $224.49 and its two-hundred day moving average is $284.81. The company has a market capitalization of $44.31 billion, a PE ratio of 37.43 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 9.01%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business posted $4.68 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, sell-side analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

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.