Stocks of Coinbase Global Inc (NASDAQ:COIN) traded higher last session on Wall Street, down -4.55% to $254.29.
COIN stock price is now 24.93% away from the 50-day moving average and 11.65% away from the 200-day moving average. The market capitalization of the company currently stands at $64.77B.
With the price target maintained at $300, Monness Crespi & Hardt recently Upgraded its rating from Neutral to Buy for Coinbase Global Inc (NASDAQ: COIN). On May 12, 2025, Compass Point Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $195, while ‘Monness Crespi & Hardt’ rates the stock as ‘Neutral’
In other news, Brock Lawrence J, Chief People Officer sold 5,902 shares of the company’s stock on May 22 ’25. The stock was sold for $1,585,608 at an average price of $268.66. Upon completion of the transaction, the Chief People Officer now directly owns 478 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Chief Accounting Officer Jones Jennifer N. sold 1,715 shares of the business’s stock. A total of $457,840 was realized by selling the stock at an average price of $266.96. A total of 20.71% of the company’s stock is owned by insiders.
The net profit margin was 21.23% and return on equity was 15.83% for COIN. The company reported revenue of $2.03 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.23 percent.
