In Friday’s Wall Street session, Coinbase Global Inc (NASDAQ:COIN) shares traded at $183.12, up 3.17% from the previous session.
COIN stock price is now -27.90% away from the 50-day moving average and -22.02% away from the 200-day moving average. The market capitalization of the company currently stands at $46.49B.
With the price target of $305, Rosenblatt recently initiated with Buy rating for Coinbase Global Inc (NASDAQ: COIN). On January 29, 2025, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $250 to quote $290, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Brian Armstrong, Officer bought 15,000 shares of the company’s stock on Mar 13 ’25. The stock was bought for $2,662,350 at an average price of $177.49. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Chairman and CEO Armstrong Brian sold 25,000 shares of the business’s stock. A total of $5,775,905 was realized by selling the stock at an average price of $231.04. This leaves the insider owning 526 shares of the company worth $96321.12. A total of 21.24% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $146.12 and a high of $349.75. The fifty day moving average price for COIN is $253.9958 and a two-hundred day moving average price translates $234.83224 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-12-31. The net profit margin was 35.66% and return on equity was 31.13% for COIN. The company reported revenue of $2.27 billion for the quarter, compared to $953.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 138.17 percent. For the current quarter, analysts expect COIN to generate $2.23B in revenue.
