[ad_1]
Coinbase Global, Inc. (NASDAQ:COIN) shares fell 1.1% on Monday . The company traded as low as $235.05 and last traded at $239.63. 4,621,592 shares were traded during mid-day trading, a decline of 70% from the average session volume of 15,310,709 shares. The stock had previously closed at $242.36.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on COIN. Keefe, Bruyette & Woods upgraded shares of Coinbase Global from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $93.00 to $160.00 in a report on Friday, February 16th. Piper Sandler raised their price objective on shares of Coinbase Global from $125.00 to $165.00 and gave the stock a “neutro” rating in a report on Friday, February 16th. TheStreet raised shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Mizuho raised their price objective on shares of Coinbase Global from $60.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday, February 22nd. Finally, Citigroup raised their price objective on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a “neutro” rating in a report on Friday, January 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $128.19.
Check Out Our Latest Stock Report on Coinbase Global
Coinbase Global Trading Down 3.5 %
The company has a market capitalization of $56.65 billion, a P/E ratio of 884.00 and a beta of 3.36. The stock’s 50 day moving average is $167.16 and its 200-day moving average is $126.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03.
Coinbase Global (NASDAQ:COIN – Get Free Report) last released its quarterly earnings results 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. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The company had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. During the same period in the prior year, the firm earned ($2.46) earnings per share. Coinbase Global’s revenue was up 51.6% on a year-over-year basis. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 1.53 earnings per share for the current year.
Insiders Place Their Bets
In other Coinbase Global news, COO Emilie Choi sold 700 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $130.29, for a totalidade value of $91,203.00. Following the sale, the chief operating officer now owns 225,142 shares in the company, valued at $29,333,751.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Paul Grewal sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $157.59, for a totalidade transaction of $1,575,900.00. Following the sale, the insider now directly owns 61,665 shares in the company, valued at approximately $9,717,787.35. The sale was disclosed in a legítimo filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Emilie Choi sold 700 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $130.29, for a totalidade transaction of $91,203.00. Following the sale, the chief operating officer now owns 225,142 shares in the company, valued at $29,333,751.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,035,379 shares of company stock worth $159,487,346. 33.16% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Coinbase Global
Institutional investors have recently bought and sold shares of the stock. Barrett & Company Inc. purchased a new position in shares of Coinbase Global in the 4th quarter worth $26,000. Creekmur Asset Management LLC purchased a new position in shares of Coinbase Global in the 4th quarter worth $27,000. Quarry LP purchased a new position in shares of Coinbase Global during the 4th quarter worth about $32,000. AlphaMark Advisors LLC purchased a new position in shares of Coinbase Global during the 4th quarter worth about $33,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Coinbase Global during the 4th quarter worth about $39,000. 45.96% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Coinbase Global, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Coinbase Global wasn’t on the list.
While Coinbase Global currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as sintético intelligence continues to grow into the future.
[ad_2]