Core Viewpoint - The 2024 Q4 earnings season is showing strong results, particularly for companies like Robinhood (HOOD) and Coinbase (COIN), driven by increased crypto trading volumes [1] Group 1: Robinhood (HOOD) - HOOD shares have gained over 50% since the start of the year, significantly outperforming the S&P 500, aided by a positive finance sector performance [2] - Analysts have raised the EPS estimate for HOOD to $0.42, reflecting a nearly 70% increase and suggesting a 1300% year-over-year growth [3] - Sales expectations for HOOD have risen to $941 million, up from $671 million last November, indicating nearly 100% year-over-year growth [4] - The Zacks Consensus estimate for HOOD's transaction-based crypto revenue is $311 million, which is nearly 630% higher year-over-year [5] - Monthly active users and assets under custody are key metrics to monitor, with expected increases due to a favorable trading environment [9] Group 2: Coinbase (COIN) - Coinbase, the largest U.S. cryptocurrency exchange, has a bullish outlook with the Zacks Consensus EPS estimate at $0.87, up 50% over recent months [10] - Expected sales for Coinbase are $1.6 billion, reflecting a nearly 30% increase and suggesting 70% year-over-year growth [11] - The Zacks Consensus estimate for Coinbase's transaction-based revenue is $934 million, indicating a 75% year-over-year growth despite mixed results in recent periods [13] Group 3: Overall Market Sentiment - Both Robinhood and Coinbase are positioned to benefit from the recent uptick in crypto trading and prices, with analysts becoming increasingly bullish on their earnings expectations [14]

NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Coinbase Global, Inc. (NASDAQ: COIN) breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, Coinbase insiders caused the company to misrepresent or fail to disclose that (1) In 2020, the United Kingdom's Financial Conduct Authority ("FCA") had deemed efforts by CB Payments Limited ("CBPL"), part of the Coinbase Group, to ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD, ETH-USD, SOL-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I'm not an investment advisor.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommen ...

The crypto market has had a strong start to the year, continuing its upward trend from 2024. One cryptocurrency stock that could be poised for significant growth is Coinbase (COIN -0.15%), which is up over 8% this year as I write this. For the past year, its returns are about five times higher than those of the S&P 500.Coinbase is the largest U.S. crypto exchange by trading volume, and it tends to perform well during crypto's bull markets. Here's why it could deliver impressive returns in 2025 and beyond.A ...

Stocks have pulled off a massive V-shaped rally in today's trading session. While many sectors have fought their way into the black, cryptocurrency-adjacent stocks are still feeling the pain, as Bitcoin (BTC) grapples with the prospect of President Donald Trump's tariffs. Look Out for COIN Bull NotesCoinbase Global Inc (NASDAQ:COIN) is down 1.3% to trade at $287.43 at last check, but is still 15% higher in 2025. Even though there's been rangebound trading in the last two weeks, the shares have support in pl ...

Editor's note: Seeking Alpha is proud to welcome Omer Cheema as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Omer Cheema is a seasoned technologist with extensive experience across the tech industry. His expertise spans consumer electronics, semiconductors, and the ever-evolving world of cryptocurrency. Omer combines technical insights with a deep und ...

Coinbase Global, Inc. (COIN) closed at $281.82 in the latest trading session, marking a +1.38% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.92% for the day. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 2.03%.The company's shares have seen an increase of 8.78% over the last month, surpassing the Business Services sector's gain of 2.44% and the S&P 500's gain of 0.81%.The investment community will be paying close attention to the earnings per ...

Shares of Coinbase Global Inc. (COIN) have gained 27.8% in the past six months, outperforming the industry’s increase of 26%, the sector’s increase of 19.2% and the Zacks S&P 500 composite’s rise of 13.4% in the same time frame. COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally and is America's largest registered crypto exchange. It has a market capitalization of $74.1 billion. The average volume of shares traded in the last three months wa ...

Coinbase is more than just a trading platform, and new products driven by the Base blockchain and stablecoins will drive a bright future.Coinbase (COIN 0.56%) is set to have another great quarter in Q4 2024, and that should continue into 2025 as the stablecoin USDC grows and the company benefits from higher trading momentum for everything from altcoins to meme coins. In this video, Travis Hoium explains why this is a company that will benefit from that short-term momentum while also building the infrastruct ...

Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales.The company said this in a petition to the court that is part of an appeal tied to a Securities and Exchange Commission (SEC) lawsuit filed in 2023 that alleges Coinbase operated as an unregistered securities broker, Seeking Alpha reported Wednesday (Jan. 22).Coinbase said in its petition that trades on its platform are not securities transactions bec ...