HC Wainwright Comments on Coinbase Global FY2025 Earnings

Coinbase Global, Inc. (NASDAQ:COIN) – Equities researchers at HC Wainwright issued their FY2025 earnings per share estimates for Coinbase Global in a research note issued to investors on Tuesday, October 29th. HC Wainwright analyst M. Colonnese anticipates that the cryptocurrency exchange will post earnings per share of $5.02 for the year. HC Wainwright currently has a “Buy” rating and a $295.00 target price on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $3.92 per share.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.93). Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm posted ($0.42) EPS. The company’s revenue for the quarter was up 104.8% compared to the same quarter last year.

Several other analysts have also recently issued reports on COIN. The Goldman Sachs Group dropped their target price on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Monness Crespi & Hardt began coverage on Coinbase Global in a research report on Monday. They set a “buy” rating and a $245.00 price objective on the stock. Needham & Company LLC boosted their target price on shares of Coinbase Global from $260.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday. Compass Point lowered their price target on shares of Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Bank of America lifted their price objective on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $246.28.

Coinbase Global Stock Performance

Shares of COIN stock opened at $179.25 on Thursday. The firm has a market cap of $44.54 billion, a price-to-earnings ratio of 32.18 and a beta of 3.35. Coinbase Global has a 52-week low of $73.56 and a 52-week high of $283.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $181.56 and its 200 day moving average is $209.01.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Coinbase Global by 219.2% in the 3rd quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange’s stock valued at $9,558,000 after buying an additional 36,843 shares during the period. Crescent Grove Advisors LLC purchased a new position in Coinbase Global in the third quarter worth approximately $206,000. Clarity Capital Partners LLC raised its position in Coinbase Global by 1.0% in the third quarter. Clarity Capital Partners LLC now owns 16,681 shares of the cryptocurrency exchange’s stock valued at $2,972,000 after purchasing an additional 165 shares during the period. World Equity Group Inc. lifted its stake in shares of Coinbase Global by 22.4% in the 3rd quarter. World Equity Group Inc. now owns 1,560 shares of the cryptocurrency exchange’s stock valued at $278,000 after purchasing an additional 285 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Coinbase Global by 237.5% during the 3rd quarter. QRG Capital Management Inc. now owns 32,743 shares of the cryptocurrency exchange’s stock worth $5,834,000 after purchasing an additional 23,040 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coinbase Global

In other news, insider Paul Grewal sold 16,962 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.96, for a total transaction of $3,510,455.52. Following the sale, the insider now directly owns 75,556 shares of the company’s stock, valued at $15,637,069.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $162.24, for a total value of $243,360.00. Following the transaction, the chief operating officer now owns 187,601 shares in the company, valued at approximately $30,436,386.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Grewal sold 16,962 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.96, for a total transaction of $3,510,455.52. Following the completion of the sale, the insider now owns 75,556 shares of the company’s stock, valued at $15,637,069.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,687 shares of company stock worth $14,908,594. 23.43% of the stock is owned by company insiders.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.