Coinbase Global Inc (NASDAQ:COIN) shares traded 2.20% higher at $99.05 on Wall Street last session.
In accordance with the data, 28 analysts cover Coinbase Global Inc (NASDAQ:COIN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $31.00, we find $80.00. Given the previous closing price of $96.92, this indicates a potential downside of -17.46 percent. COIN stock price is now 24.45% away from the 50-day moving average and 37.21% away from the 200-day moving average. The market capitalization of the company currently stands at $23.70B.
It has been rated a hold by 12 analysts and a buy by 8. Brokers who have rated the stock have averaged $86.24 as their price target over the next twelve months.
With the price target enhanced from $70 to $140, Canaccord Genuity maintained Buy rating for Coinbase Global Inc (NASDAQ: COIN).
In other news, Haun Kathryn, Director sold 3,447 shares of the company’s stock on Nov 15. The stock was sold for $341,253 at an average price of $99.00. Upon completion of the transaction, the Director now directly owns 109,146 shares in the company, valued at $10.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Director Haun Kathryn sold 5,000 shares of the business’s stock. A total of $495,000 was realized by selling the stock at an average price of $99.00. This leaves the insider owning 112,593 shares of the company worth $11.15 million. Insiders disposed of 797,192 shares of company stock worth roughly $78.96 million over the past 1 year. A total of 25.02% of the company’s stock is owned by insiders.
Coinbase Global Inc (NASDAQ: COIN) opened at $97.00 on Friday. During the past 12 months, Coinbase Global Inc has had a low of $31.55 and a high of $114.43. The fifty day moving average price for COIN is $79.93 and a two-hundred day moving average price translates $72.28 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for Sep, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at $0.03, beating analysts’ expectations of $0 by 0.03. This compares to -$2.43 EPS in the same period last year. The net profit margin was -26.42% and return on equity was -12.74% for COIN. The company reported revenue of $674.15 million for the quarter, compared to $590.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.2 percent. For the current quarter, analysts expect COIN to generate $170k in revenue.