<div id="readability-page-1"><p><span>Coinbase Global (NASDAQ:COIN)</span> had its price target reduced by investment analysts at Barclays  from $359.00 to $352.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an &#34;equal weight&#34; rating on the cryptocurrency exchange's stock. Barclays's target price indicates a potential upside of 7.98% from the company's current price.</p><div><p><span></span><span>Get <strong>Coinbase Global</strong> alerts:</span></p></div><ul><li>Bitcoin and Ethereum Surge: Here Are 5 Set to Ride the Wave</li></ul><p>COIN has been the topic of a number of other reports. Cantor Fitzgerald began coverage on shares of Coinbase Global in a report on Tuesday, April 8th. They issued an &#34;overweight&#34; rating and a $245.00 price target on the stock. Argus began coverage on shares of Coinbase Global in a report on Monday, July 14th. They issued a &#34;buy&#34; rating and a $400.00 price target on the stock. Rosenblatt Securities  reiterated a &#34;buy&#34; rating and issued a $470.00 price target on shares of Coinbase Global in a report on Friday. Benchmark lifted their price target on shares of Coinbase Global from $301.00 to $421.00 and gave the company a &#34;buy&#34; rating in a report on Monday, June 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Coinbase Global from $239.00 to $268.00 and gave the company a &#34;neutral&#34; rating in a report on Monday, July 7th. One equities research analyst  has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued  a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $344.55.</p><p><b>Check Out Our Latest Analysis on COIN</b></p><h2>Coinbase Global Stock Down 13.7%</h2><ul><li>Crypto Skeptics Can Still Win Big With These Risk-Limiting ETFs</li></ul><p>Shares of COIN stock opened at $326.00 on Friday. The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 61.56, a PEG ratio of 26.30 and a beta of 3.70. Coinbase Global has a one year low of $142.58 and a one year high of $444.64. The company's fifty day moving average price is $326.60 and its 200-day moving average price is $259.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 2.52. </p><p>Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The cryptocurrency exchange reported $5.14 EPS for the quarter, beating the consensus estimate of $0.91 by $4.23. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.68 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The company's revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS.  Sell-side analysts expect that  Coinbase Global will post 7.22 EPS for the current fiscal year. </p><h2>Insider Transactions at Coinbase Global</h2><ul><li>Coinbase: Analysts Call for New Ceilings—What's Driving Gains?</li></ul><p>In other Coinbase Global news, CEO Brian Armstrong sold 336,265 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $362.61, for a total value of $121,933,051.65. Following the completion of the sale, the chief executive officer directly owned 526 shares of the company's stock, valued at $190,732.86. The trade was a 99.84% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $252.68, for a total transaction of $7,622,597.56. Following the completion of the sale, the director directly owned 10,417 shares of the company's stock, valued at approximately $2,632,167.56. This trade represents a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,208,340 shares of company stock valued at $439,997,456. 17.65% of the stock is owned by corporate insiders. </p><h2>Institutional Investors Weigh In On Coinbase Global</h2><p>Several large investors have recently added to or reduced their stakes in the stock. Cadent Capital Advisors LLC boosted its position in  Coinbase Global by 1.0% in the 2nd quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange's stock valued at $1,108,000 after buying an additional 30 shares during the period.  Ameriflex Group Inc. raised its holdings in shares of  Coinbase Global by 20.0% in the 2nd quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange's stock valued at $68,000 after purchasing an additional 30 shares in the last quarter.  Pettinga Financial Advisors LLC raised its holdings in shares of  Coinbase Global by 2.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange's stock valued at $463,000 after purchasing an additional 34 shares in the last quarter.  Hemington Wealth Management raised its holdings in shares of  Coinbase Global by 12.1% in the 2nd quarter. Hemington Wealth Management now owns 352 shares of the cryptocurrency exchange's stock valued at $123,000 after purchasing an additional 38 shares in the last quarter.  Finally, Capital Advisors Ltd. LLC raised its holdings in shares of  Coinbase Global by 13.7% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 323 shares of the cryptocurrency exchange's stock valued at $113,000 after purchasing an additional 39 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Coinbase Global</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Coinbase Global</li><li>3 Healthcare Dividend Stocks to Buy</li><li>Apple Stock: Big Earnings, Small Move—Time to Buy?</li><li>Why Understanding Call Option Volume is Essential to Successful Options Trading</li><li>Amazon's Earnings: What Comes Next and How to Play It</li><li>Why Are These Companies Considered Blue Chips?</li><li>Why State Street's Options Volume Just Sent a Bullish Signal</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q09JTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q09JTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Coinbase Global Right Now?</h2><p>Before you consider Coinbase Global, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coinbase Global wasn't on the list.</p><p>While Coinbase Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Barclays has lowered its price target for Coinbase Global (NASDAQ:COIN) from $359.00 to $352.00, maintaining an "equal weight" rating. This adjustment suggests a potential upside of 7.98% from the current price. Other analysts have varied opinions, with ratings ranging from sell to buy, and a consensus price target of $344.55. Coinbase's stock opened at $326.00, with a market cap of $82.76 billion and a recent quarterly EPS of $5.14, exceeding estimates significantly.</p>

- Barclays reduced the price target for Coinbase Global from $359.00 to $352.00, maintaining an "equal weight" rating, indicating a potential upside of 7.98%.  
- The stock has received various ratings from other analysts, with a consensus rating of "Hold" and a price target of $344.55.  
- Coinbase reported a quarterly EPS of $5.14, significantly exceeding estimates, with a revenue of $1.50 billion, reflecting a 3.3% year-over-year increase.

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