Mizuho Has Lowered Expectations for Coinbase Global (NASDAQ:COIN) Stock Price

Coinbase Global (NASDAQ:COIN) had its target price decreased by research analysts at Mizuho from $280.00 to $170.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the cryptocurrency exchange’s stock. Mizuho’s price target points to a potential upside of 3.63% from the company’s current price.

COIN has been the subject of a number of other reports. Monness Crespi & Hardt lowered shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a report on Thursday, February 12th. Rothschild & Co Redburn dropped their price objective on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft set a $250.00 target price on Coinbase Global in a research note on Friday, February 13th. Argus reaffirmed a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Finally, Barclays reduced their price objective on shares of Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Friday, February 13th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.82.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $164.05 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global has a one year low of $139.36 and a one year high of $444.64. The business’s 50 day simple moving average is $217.84 and its two-hundred day simple moving average is $280.18. The stock has a market capitalization of $44.24 billion, a P/E ratio of 37.37 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 earnings per share. Analysts forecast that Coinbase Global will post 7.22 EPS for the current year.

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 11,955 shares of Coinbase Global stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $246.18, for a total transaction of $2,943,081.90. Following the completion of the transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 4,125 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $274.06, for a total value of $1,130,497.50. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 574,395 shares of company stock valued at $110,451,160. 16.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coinbase Global

A number of hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in Coinbase Global by 86.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,641 shares of the cryptocurrency exchange’s stock valued at $5,120,000 after purchasing an additional 10,510 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Coinbase Global by 4.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 75,815 shares of the cryptocurrency exchange’s stock valued at $17,145,000 after buying an additional 2,925 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Coinbase Global during the fourth quarter valued at approximately $1,334,000. Mackenzie Financial Corp raised its holdings in Coinbase Global by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 23,326 shares of the cryptocurrency exchange’s stock worth $5,392,000 after acquiring an additional 903 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Coinbase Global by 45.7% in the 4th quarter. Empowered Funds LLC now owns 17,005 shares of the cryptocurrency exchange’s stock valued at $3,846,000 after acquiring an additional 5,333 shares in the last quarter. 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: Company buybacks: Coinbase disclosed ~8 million shares repurchased last quarter, which reduces dilution and can support EPS over time. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Institutional buying: Reports say ARK Investment resumed purchases of Coinbase shares, signaling some continued institutional appetite. This can provide support amid retail volatility. Riot Rises On Activist Data Center Proposal, ARK Resumes Coinbase Buys
• Positive Sentiment: Base moves to own stack: Base (Coinbase-backed L2) is transitioning off Optimism’s stack to a unified, in-house architecture to speed upgrades and simplify the sequencer — a structural long-term positive for product control and developer velocity. Coinbase’s Base transitions to its own architecture with eye on streamlining
• Neutral Sentiment: CEO regulatory outreach: Brian Armstrong’s CNBC interview (with Senator Moreno) reiterates Coinbase’s push for clearer US crypto rules — constructive for the regulatory outlook but unlikely to change near-term fundamentals. Watch CNBC’s full interview with Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno
• Neutral Sentiment: Stablecoin positioning: CryptoQuant data shows Coinbase holds ~8% of CEX stablecoin reserves (vs. Binance’s 65%). It highlights scale limits vs. Binance but also room to grow; relevance is strategic rather than immediate. 65% of CEX Stablecoins Sit on Binance as Exchange Reserves Hit $47.5B, CryptoQuant Reports
• Negative Sentiment: Earnings miss and revenue decline: Q4 adjusted EPS and revenue missed expectations (EPS 66c vs. est. 86c; revenue down ~22% YoY), and recent commentary included a loss per share — fundamentals remain pressured. Coinbase Global, Inc. (COIN) Reports Q4 Adjusted EPS of 66 cents Compared to the 86 cents Estimate
• Negative Sentiment: Analyst downgrades/target cuts: Multiple firms trimmed price targets (Rothschild & Co Redburn to $288; Goldman to $264; Mizuho to $170), which weighs on investor expectations despite some shops keeping “buy” or “neutral” ratings. Rothschild & Co Redburn Adjusts Price Target on Coinbase Global to $288 Goldman Sachs Lowers PT Mizuho Lowers PT to $170
• Negative Sentiment: Security incident on Base: Moonwell was exploited after a cbETH oracle misprice (cbETH = Coinbase Wrapped Staked ETH), raising smart-contract/oracle risk concerns tied to assets linked to Coinbase. That may increase scrutiny around cbETH and DeFi integrations. Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi
• Negative Sentiment: Zacks added COIN to Strong Sell list, which can pressure sentiment and flow-sensitive ETFs or quant funds. New Strong Sell Stocks for February 18th

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.