Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 7,575 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the completion of the transaction, the chief financial officer now owns 114,866 shares of the company's stock, valued at $22,973,200. This represents a 6.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Coinbase Global Stock Performance
Shares of COIN stock opened at $193.95 on Thursday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $243.66 and a 200-day simple moving average of $241.88. The company has a market cap of $49.24 billion, a price-to-earnings ratio of 20.42 and a beta of 3.66. Coinbase Global, Inc. has a 12-month low of $146.12 and a 12-month high of $349.75.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. On average, equities analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on COIN shares. Bank of America decreased their target price on Coinbase Global from $363.00 to $311.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Barclays increased their price objective on Coinbase Global from $282.00 to $328.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $305.00 price target on shares of Coinbase Global in a research report on Wednesday. Finally, Piper Sandler raised their price objective on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Coinbase Global currently has a consensus rating of "Moderate Buy" and an average price target of $314.72.
Check Out Our Latest Analysis on COIN
Institutional Trading of Coinbase Global
Institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter valued at approximately $25,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Coinbase Global in the 4th quarter worth approximately $25,000. Copia Wealth Management purchased a new position in Coinbase Global in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Coinbase Global during the fourth quarter worth $27,000. Finally, Atala Financial Inc purchased a new stake in Coinbase Global during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 68.84% of the company's stock.
About Coinbase Global
(
Get Free Report)
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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