Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $247.54, for a total transaction of $1,039,668.00. Following the sale, the chief financial officer now directly owns 192,622 shares in the company, valued at $47,681,649.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Coinbase Global Trading Down 2.3 %
Shares of Coinbase Global stock opened at $213.78 on Thursday. The company has a market capitalization of $51.79 billion, a price-to-earnings ratio of 791.78 and a beta of 3.41. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The firm’s 50-day moving average price is $221.60 and its two-hundred day moving average price is $154.18.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same period in the prior year, the company posted ($2.46) earnings per share. On average, analysts forecast that Coinbase Global, Inc. will post 2.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Coinbase Global
Wall Street Analysts Forecast Growth
Several analysts have issued reports on COIN shares. Keefe, Bruyette & Woods upped their price target on shares of Coinbase Global from $160.00 to $230.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 3rd. Oppenheimer increased their price objective on shares of Coinbase Global from $200.00 to $276.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. JMP Securities reissued a “market outperform” rating on shares of Coinbase Global in a research report on Friday, March 22nd. JPMorgan Chase & Co. increased their price objective on shares of Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, HC Wainwright increased their price objective on shares of Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $163.70.
View Our Latest Analysis 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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