Coinbase Global, Inc. (NASDAQ:COIN) Director Gokul Rajaram sold 400 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $204.44, for a total value of $81,776.00. Following the completion of the transaction, the director now directly owns 7,771 shares of the company’s stock, valued at approximately $1,588,703.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Coinbase Global Trading Up 7.8 %
NASDAQ:COIN traded up $16.01 on Friday, hitting $220.21. 13,534,094 shares of the stock were exchanged, compared to its average volume of 10,398,422. The stock has a market capitalization of $54.08 billion, a price-to-earnings ratio of 43.95 and a beta of 3.35. Coinbase Global, Inc. has a 52 week low of $70.42 and a 52 week high of $283.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day moving average price is $179.68 and its 200 day moving average price is $211.89.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. The business’s revenue was up 104.8% compared to the same quarter last year. During the same period last year, the company earned ($0.42) earnings per share. On average, equities research analysts forecast that Coinbase Global, Inc. will post 3.92 earnings per share for the current year.
Institutional Trading of Coinbase Global
Analyst Upgrades and Downgrades
Several research analysts recently commented on COIN shares. Citigroup raised Coinbase Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $260.00 to $345.00 in a research report on Tuesday, July 23rd. Compass Point cut their price objective on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Barclays lifted their price objective on Coinbase Global from $169.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. HC Wainwright cut their price objective on Coinbase Global from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $320.00 price objective on shares of Coinbase Global in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $246.44.
Read Our Latest Report on Coinbase Global
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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