1 week Ago By ABMN Staff
Coinbase Global, Inc. ( NASDAQ:COIN )’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $255.
56, but opened at $262.97. Coinbase Global shares last traded at $256.
13, with a volume of 1,081,614 shares. Analyst Upgrades and Downgrades COIN has been the topic of several analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.
00 target price on shares of Coinbase Global in a research note on Thursday, October 31st. HC Wainwright reaffirmed a “buy” rating and issued a $295.00 price objective on shares of Coinbase Global in a research report on Tuesday, October 29th.
Piper Sandler reissued a “neutral” rating and issued a $245.00 target price on shares of Coinbase Global in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $320.
00 price target on shares of Coinbase Global in a report on Wednesday, October 9th. Finally, Needham & Company LLC lifted their price objective on Coinbase Global from $375.00 to $420.
00 and gave the stock a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.
com, the company currently has an average rating of “Hold” and an average price target of $286.22. View Our Latest Research Report on COIN Coinbase Global Price Performance Coinbase Global ( NASDAQ:COIN – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 30th.
The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.
13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.
81%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.
26 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share.
The firm’s revenue for the quarter was up 78.8% on a year-over-year basis. Research analysts anticipate that Coinbase Global, Inc.
will post 4.44 earnings per share for the current year. Insiders Place Their Bets In other news, Director Frederick Ernest Ehrsam III sold 11,421 shares of the company’s stock in a transaction that occurred on Monday, December 23rd.
The stock was sold at an average price of $273.23, for a total transaction of $3,120,559.83.
Following the sale, the director now directly owns 10,417 shares of the company’s stock, valued at $2,846,236.91. This represents a 52.
30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CAO Jennifer N.
Jones sold 1,837 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $295.02, for a total transaction of $541,951.
74. Following the transaction, the chief accounting officer now owns 1,160 shares of the company’s stock, valued at $342,223.20.
This trade represents a 61.29 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 270,641 shares of company stock worth $80,937,273 in the last three months. 23.43% of the stock is owned by company insiders.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of COIN. RPg Family Wealth Advisory LLC bought a new position in Coinbase Global during the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Coinbase Global during the third quarter valued at approximately $32,000.
Brown Brothers Harriman & Co. grew its stake in shares of Coinbase Global by 408.0% during the third quarter.
Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock valued at $45,000 after buying an additional 204 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Coinbase Global by 548.
5% in the second quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange’s stock worth $48,000 after buying an additional 181 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $55,000.
68.84% of the stock is owned by hedge funds and other institutional investors. 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. Recommended Stories 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.com's FREE daily email newsletter .
.
