Coinbase Global Inc (NASDAQ:COIN) shares traded 5.68% higher at $236.32 on Wall Street last session.
COIN stock price is now 3.54% away from the 50-day moving average and 73.91% away from the 200-day moving average. The market capitalization of the company currently stands at $57.26B.
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With the price target enhanced from $92 to $110, BofA Securities maintained Underperform rating for Coinbase Global Inc (NASDAQ: COIN). On April 08, 2024, Barclays reiterated its ‘Underweight’ rating on the stock by increasing its target price from $146 to quote $179, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Ehrsam Frederick Ernest III, Director sold 16,380 shares of the company’s stock on Apr 23 ’24. The stock was sold for $3,806,176 at an average price of $232.37. 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 18 ’24, Director Rajaram Gokul sold 1,145 shares of the business’s stock. A total of $246,828 was realized by selling the stock at an average price of $215.57. This leaves the insider owning 3,688 shares of the company worth $0.87 million. A total of 30.17% 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.
According to the Financial Data & Stock Exchanges Company, earnings per share came in at 0, beating analysts’ expectations of -0.01 by 0.01. 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.
