In Tuesday’s Wall Street session, Coinbase Global Inc (NASDAQ:COIN) shares traded at $212.55, up 3.30% from the previous session.
COIN stock price is now -20.08% away from the 50-day moving average and -9.85% away from the 200-day moving average. The market capitalization of the company currently stands at $53.96B.
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, Brian Armstrong, Officer bought 25,000 shares of the company’s stock on Mar 03 ’25. The stock was bought for $5,143,750 at an average price of $205.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer LAWRENCE J BROCK & JENNIFER M bought 4,869 shares of the business’s stock. A total of $1,049,854 was incurred on buying the stock at an average price of $215.62. A total of 21.34% 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 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.
