The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $310.52, down -9.63% from the previous session.
COIN stock price is now 27.95% away from the 50-day moving average and 37.98% away from the 200-day moving average. The market capitalization of the company currently stands at $83.33B.
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, Fred Ehrsam, Director bought 34,263 shares of the company’s stock on Dec 09 ’24. The stock was bought for $10,639,347 at an average price of $310.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Chairman and CEO Armstrong Brian sold 25,000 shares of the business’s stock. A total of $8,515,884 was realized by selling the stock at an average price of $340.64. This leaves the insider owning 526 shares of the company worth $0.16 million. 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 $114.51 and a high of $349.75. The fifty day moving average price for COIN is $240.2994 and a two-hundred day moving average price translates $224.3239 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.
