Coinbase Global Earnings Predictions Amid Market Volatility

Analysts at HC Wainwright have issued predictions for Coinbase Global's Q1 earnings. They anticipate $0.64 per share in earnings, with a consensus estimate of $1.25 per share for the full year. The exchange is expected to report its next earnings on July 30th.

Coinbase Global has been the subject of numerous research reports recently. HC Wainwright maintains a 'Buy' rating and a price target of $265.00 on the stock, while B. Riley Financial cut their target from $243.00 to $203.00 and set a 'neutral' rating.

The company's institutional investors own 68.84% of its shares. Over the last ninety days, insiders have sold 30,627 shares worth $5,327,841. The stock has a market capitalization of $38.53 billion and a price-to-earnings ratio of -38.09.

Despite some analysts lowering their targets after the earnings report, others maintain Buy or Outperform ratings citing long-term upside. Coinbase Global's recent Q2 results missed estimates, with revenue falling 19% year over year to $1.22 billion and a net loss of approximately $359 million.