The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $295.48, up 4.92% from the previous session.
COIN stock price is now 2.34% away from the 50-day moving average and 28.41% away from the 200-day moving average. The market capitalization of the company currently stands at $73.97B.
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, Fred Ehrsam, Director bought 5,262 shares of the company’s stock on Jan 17 ’25. The stock was bought for $1,554,816 at an average price of $295.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, Chief Financial Officer HAAS ALESIA J sold 20,000 shares of the business’s stock. A total of $6,000,000 was realized by selling the stock at an average price of $300.00. This leaves the insider owning 124,470 shares of the company worth $36.78 million. 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 $288.7126 and a two-hundred day moving average price translates $230.1107 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. For the current quarter, analysts expect COIN to generate $1.67B in revenue.
