Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,500 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $229.09, for a total value of $1,030,905.00. Following the completion of the transaction, the chief financial officer now directly owns 182,903 shares in the company, valued at approximately $41,901,248.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Coinbase Global Stock Down 0.8 %
Shares of COIN stock traded down $2.04 during trading hours on Wednesday, hitting $249.45. 8,085,771 shares of the company’s stock traded hands, compared to its average volume of 11,467,309. The stock’s fifty day simple moving average is $228.69 and its two-hundred day simple moving average is $207.18. Coinbase Global, Inc. has a 12-month low of $69.63 and a 12-month high of $283.48. The stock has a market cap of $61.26 billion, a price-to-earnings ratio of 50.20 and a beta of 3.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52.
Coinbase Global (NASDAQ:COIN – Get Free Report) last released its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.26 billion. On average, analysts expect that Coinbase Global, Inc. will post 5 EPS for the current year.
Hedge Funds Weigh In On Coinbase Global
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Singular Research reaffirmed a “buy” rating on shares of Coinbase Global in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Coinbase Global in a research note on Wednesday, June 5th. Wedbush raised their price objective on Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Bank of America raised Coinbase Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $217.00 in a research note on Friday, May 17th. Finally, Canaccord Genuity Group raised their target price on Coinbase Global from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $220.65.
Check Out Our Latest Analysis on COIN
About Coinbase Global
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
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