The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $280.39, down -1.41% from the previous session.
COIN stock price is now -3.25% away from the 50-day moving average and 20.45% away from the 200-day moving average. The market capitalization of the company currently stands at $70.20B.
With the price target enhanced from $250 to $290, Mizuho Upgraded its rating from Neutral to Outperform for Coinbase Global Inc (NASDAQ: COIN). On December 19, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $245 to quote $390, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Fred Ehrsam, Director bought 15,228 shares of the company’s stock on Feb 04 ’25. The stock was bought for $4,269,779 at an average price of $280.39. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Officer Brian Armstrong bought 25,000 shares of the business’s stock. A total of $7,110,250 was incurred on buying the stock at an average price of $284.41. 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 $290.695 and a two-hundred day moving average price translates $232.4501 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.
