The price of Coinbase Global Inc (NASDAQ:COIN) shares last traded on Wall Street rose 7.66% to $274.93.
COIN stock price is now -3.38% away from the 50-day moving average and 19.68% away from the 200-day moving average. The market capitalization of the company currently stands at $68.83B.
With the price target enhanced from $245 to $390, Monness Crespi & Hardt maintained Buy rating for Coinbase Global Inc (NASDAQ: COIN). On November 25, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $265 to quote $358, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Armstrong Brian, Chairman and CEO sold 25,000 shares of the company’s stock on Jan 13 ’25. The stock was sold for $6,098,593 at an average price of $243.94. Upon completion of the transaction, the Chairman and CEO now directly owns 526 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, Officer HAAS ALESIA J bought 7,441 shares of the business’s stock. A total of $1,523,167 was incurred on buying the stock at an average price of $204.70. A total of 22.90% 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 $282.6398 and a two-hundred day moving average price translates $229.66585 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.
