Coinbase Global, Inc.

COINNASDAQ

175.26+1.7%

Market cap46.2BAutoFwd P/E64.0Auto52-week range139.11 - 402.16Auto

This range -42.0%

1D 1W 1M 6M 1Y 5Y

HITMISSNEAROpen call

Stoa coverage of COIN

How much of Stoa is on this name, and how its closed calls turned out.

Open calls

Analysts covering

50%

Hit rate · 10 resolved

Publications on this name

See all

CALLShortVideo · Call

Coinbase: margin guidance assumes a curve that is not there

The guided margin path requires asset repricing at a pace the current curve does not support. The gap compounds each quarter it persists.

Elena PetrovaAUG 21

CALLLongVideo · Call

Coinbase: the valuation gap widened and the earnings gap did not

The gap to global peers widened again this quarter while the earnings gap did not. What remains is a risk premium on process rather than on profits.

Resolved history

What the market did with every call that has closed.

Analyst	Direction	Entry → resolved	Return	Outcome
Elena Petrova	Short	229.64192.70	+16.1%	Near
Noah Feldman	Long	207.69178.64	-14.0%	Miss
Priya Raman	Long	215.00174.96	-18.6%	Miss

Fundamentals

Pulled automatically, never an analyst's estimate.

P/E Auto

Not available

Market cap Auto

46.2B

Revenue Auto

Profit margin Auto

-16.3%

EPS Auto

-3.94

Peers

The rest of the sector.

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16 publications

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8 publications

Mastercard Incorporated

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Coinbase Global, Inc.

Stoa coverage of COIN

Publications on this name

Coinbase: margin guidance assumes a curve that is not there

Coinbase: the valuation gap widened and the earnings gap did not

Resolved history

Fundamentals

Peers

Coinbase: the non-spread businesses have compounded through the cycle

Coinbase: the efficiency ratio inflected without a restructuring charge

Coinbase: the funding cost inflection already happened

Coinbase: the reserve is adequate and the earnings path is not

Coinbase: excess capital is about to become a distribution story

Coinbase: the discount is now a governance question, not an earnings one

Coinbase: fee income is now carrying the quarter

Coinbase: credit normalisation is not in the card book

Coinbase: deposit costs peaked before consensus thinks

Coinbase: positive operating leverage is finally showing up

Coinbase: the NIM bridge depends on a repricing that has stalled

Coinbase: the capital build is finished and the return is not priced