The price of Coinbase Global Inc (NASDAQ:COIN) shares last traded on Wall Street fell -6.06% to $293.29.
COIN stock price is now 33.43% away from the 50-day moving average and 33.91% away from the 200-day moving average. The market capitalization of the company currently stands at $73.43B.
With the price target enhanced from $265 to $358, Oppenheimer maintained Outperform rating for Coinbase Global Inc (NASDAQ: COIN). On October 28, 2024, Monness Crespi & Hardt recently initiated its ‘Buy’ rating on the stock quoting a target price of $245, while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, Jones Jennifer N., Chief Accounting Officer sold 1,837 shares of the company’s stock on Nov 22 ’24. The stock was sold for $541,952 at an average price of $295.02. Upon completion of the transaction, the Chief Accounting Officer now directly owns 1,160 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer Brian Armstrong bought 25,000 shares of the business’s stock. A total of $7,805,500 was incurred on buying the stock at an average price of $312.22. A total of 22.95% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $112.18 and a high of $341.75. The fifty day moving average price for COIN is $217.199 and a two-hundred day moving average price translates $218.29054 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-09-30. The net profit margin was 26.40% and return on equity was 21.30% for COIN. The company reported revenue of $1.21 billion for the quarter, compared to $674.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.77 percent.
