Raymond James Financial Begins Coverage on Coinbase Global (NASDAQ:COIN)

Investment analysts at Raymond James Financial assumed coverage on shares of Coinbase Global (NASDAQ:COIN) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a “market perform” rating on the cryptocurrency exchange’s stock.

Other research analysts have also recently issued reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of Coinbase Global in a research report on Thursday, July 9th. Benchmark reissued a “buy” rating and set a $270.00 target price on shares of Coinbase Global in a research report on Wednesday, June 17th. Compass Point restated a “sell” rating on shares of Coinbase Global in a research note on Monday, June 1st. Barclays lowered their price target on Coinbase Global from $107.00 to $99.00 and set an “underweight” rating for the company in a report on Thursday, July 9th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus price target of $239.14.

Coinbase Global Price Performance

Coinbase Global stock opened at $161.16 on Wednesday. The stock has a market cap of $42.46 billion, a P/E ratio of 60.59, a price-to-earnings-growth ratio of 10.40 and a beta of 3.35. The company has a fifty day simple moving average of $166.92 and a 200-day simple moving average of $184.93. Coinbase Global has a 12-month low of $139.18 and a 12-month high of $405.31. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. Equities analysts expect that Coinbase Global will post 1.45 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the completion of the sale, the director directly owned 30,000 shares of the company’s stock, valued at $5,446,200. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,627 shares of company stock worth $5,327,841. 16.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coinbase Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Dakota State Investment Board acquired a new stake in Coinbase Global in the 4th quarter valued at about $1,626,000. Mizuho Markets Cayman LP purchased a new position in Coinbase Global during the 4th quarter valued at about $33,921,000. Harvest Portfolios Group Inc. raised its position in Coinbase Global by 21.7% during the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock worth $85,159,000 after acquiring an additional 67,082 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Coinbase Global by 303.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock worth $4,594,000 after acquiring an additional 15,282 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Coinbase Global by 65.4% in the first quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock valued at $4,208,000 after purchasing an additional 9,532 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Coinbase continued to broaden its product and infrastructure story, including work with Abu Dhabi’s Mubadala Capital on tokenized private-market funds, new AI-agent USDC payment tools, and participation in the Bitcoin Security Consortium. These developments support Coinbase’s long-term “everything exchange” and institutional adoption narrative. Abu Dhabi’s $430B Asset Giant Makes Blockchain Leap, Coinbase Buys In
• Positive Sentiment: Coinbase is expanding in Singapore and Canada, signaling continued international growth and a push into tokenized equities and broader financial services outside the U.S. Coinbase Global Expands Its Singapore Operations
• Positive Sentiment: The SEC agreed to pay Coinbase $150,000 to settle a records lawsuit over missing text messages, removing a legal overhang and giving Coinbase a public-relations win in its fight against U.S. crypto enforcement. US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the CLARITY Act is close to a Senate floor vote, but the bill still faces political hurdles. Any eventual passage could be a major tailwind, though timing remains uncertain. 950K Contacts Back CLARITY Act as Coinbase CEO Says Bill Is Ready for Full Senate Vote
• Neutral Sentiment: Coinbase also highlighted internal resilience and future readiness, including a postmortem on a recent outage and preparations for quantum-resistant custody, but these items are more long-term operational matters than immediate stock drivers. Coinbase Reveals How One Configuration Error Triggered a 50-Minute Outage
• Negative Sentiment: Multiple brokerages cut their price targets, including Citi’s move to $235 from $400 and Raymond James’ Market Perform rating, reinforcing valuation concerns and helping explain the stock’s weakness today. Analyst cuts Coinbase price target 40% ahead of Q2 earnings
• Negative Sentiment: Broader financial stocks were also softer, and Coinbase has recently been hit by competition fears and earnings caution ahead of its upcoming report, which may be limiting investor enthusiasm. Sector Update: Financial Stocks Softer in Afternoon Trading

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.