1 week Ago By ABMN Staff
Coinbase Global, Inc. ( NASDAQ:COIN ) has been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company.
The average twelve-month price target among brokers that have issued a report on the stock in the last year is $246.06. Several equities research analysts recently weighed in on the stock.
Citigroup upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $260.00 to $345.00 in a research report on Tuesday, July 23rd.
The Goldman Sachs Group decreased their target price on shares of Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th.
Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price target on shares of Coinbase Global in a research report on Friday, August 2nd. Bank of America reduced their price objective on Coinbase Global from $263.
00 to $246.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.
00 price objective on shares of Coinbase Global in a research note on Monday, August 5th. Get Our Latest Stock Analysis on COIN Insider Buying and Selling Institutional Investors Weigh In On Coinbase Global Large investors have recently modified their holdings of the business. Creekmur Asset Management LLC bought a new stake in Coinbase Global during the 4th quarter valued at $27,000.
Crewe Advisors LLC raised its holdings in Coinbase Global by 547.4% in the second quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after purchasing an additional 104 shares in the last quarter.
Lynx Investment Advisory bought a new position in Coinbase Global in the second quarter worth about $29,000. Concord Wealth Partners lifted its position in shares of Coinbase Global by 322.2% during the first quarter.
Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Coinbase Global by 833.
3% in the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after buying an additional 100 shares during the last quarter.
Institutional investors own 68.84% of the company’s stock. Coinbase Global Trading Down 7.
7 % Shares of Coinbase Global stock opened at $147.35 on Friday. Coinbase Global has a twelve month low of $69.
63 and a twelve month high of $283.48. The company has a quick ratio of 1.
03, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.
The business has a 50-day moving average price of $210.96 and a 200-day moving average price of $224.35.
The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 29.41 and a beta of 3.
36. Coinbase Global ( NASDAQ:COIN – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.
14 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.93).
Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%.
The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion.
During the same quarter in the prior year, the business earned ($0.42) EPS. The business’s quarterly revenue was up 104.
8% compared to the same quarter last year. Equities research analysts anticipate that Coinbase Global will post 4.28 EPS for the current fiscal year.
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. Featured Articles Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.
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