The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $240.90, down -3.49% from the previous session.
COIN stock price is now 22.23% away from the 50-day moving average and 94.69% away from the 200-day moving average. The market capitalization of the company currently stands at $58.37B.
With the price target enhanced from $200 to $276, Oppenheimer maintained Outperform rating for Coinbase Global Inc (NASDAQ: COIN). On April 03, 2024, Keefe Bruyette reiterated its ‘Mkt Perform’ rating on the stock by increasing its target price from $160 to quote $230, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Ehrsam Frederick Ernest III, Director sold 16,380 shares of the company’s stock on Apr 02 ’24. The stock was sold for $3,985,236 at an average price of $243.30. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, President & COO Choi Emilie sold 8,000 shares of the business’s stock. A total of $2,062,894 was realized by selling the stock at an average price of $257.86. This leaves the insider owning 216,851 shares of the company worth $52.24 million. A total of 30.01% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $46.43 and a high of $283.48. The fifty day moving average price for COIN is $199.48 and a two-hundred day moving average price translates $124.66 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for Dec, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.01 by -0.02. This compares to -$2.45 EPS in the same period last year. The net profit margin was 3.05% and return on equity was 1.62% for COIN. The company reported revenue of $953.79 million for the quarter, compared to $629.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.61 percent.
