1 week Ago By ABMN Staff
Coinbase Global ( NASDAQ:COIN ) was upgraded by analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has a $169.00 price target on the cryptocurrency exchange’s stock, down from their prior price target of $206.
00. Barclays ‘s target price would suggest a potential upside of 14.69% from the company’s previous close.
Several other equities research analysts have also recently commented on COIN. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Coinbase Global in a research report on Monday, August 5th.
Citigroup upgraded Coinbase Global from a “neutral” rating to a “buy” rating and increased their price objective for the company from $260.00 to $345.00 in a research report on Tuesday, July 23rd.
Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a research report on Friday, August 2nd. The Goldman Sachs Group dropped their price target on Coinbase Global from $255.
00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $320.
00 price objective on shares of Coinbase Global in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.
com, the company presently has a consensus rating of “Hold” and a consensus target price of $246.06. View Our Latest Report on Coinbase Global Coinbase Global Stock Down 7.
7 % Coinbase Global ( NASDAQ:COIN – Get Free Report ) last released its earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
07 by ($0.93). Coinbase Global had a return on equity of 13.
89% and a net margin of 31.46%. The firm had revenue of $1.
45 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company earned ($0.
42) earnings per share. The business’s revenue for the quarter was up 104.8% on a year-over-year basis.
On average, analysts forecast that Coinbase Global will post 4.28 earnings per share for the current fiscal year. Insider Buying and Selling at Coinbase Global In other news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Friday, June 14th.
The shares were sold at an average price of $246.16, for a total value of $369,240.00.
Following the completion of the sale, the chief operating officer now directly owns 207,471 shares in the company, valued at $51,071,061.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
In other news, CEO Brian Armstrong sold 23,075 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $173.93, for a total transaction of $4,013,434.
75. Following the transaction, the chief executive officer now owns 526 shares in the company, valued at approximately $91,487.18.
The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $246.
16, for a total value of $369,240.00. Following the completion of the transaction, the chief operating officer now owns 207,471 shares of the company’s stock, valued at $51,071,061.
36. The disclosure for this sale can be found here . Insiders have sold a total of 111,562 shares of company stock worth $23,241,279 over the last 90 days.
Insiders own 23.43% of the company’s stock. Hedge Funds Weigh In On Coinbase Global A number of hedge funds and other institutional investors have recently made changes to their positions in the business.
Russell Investments Group Ltd. raised its stake in Coinbase Global by 10.4% during the fourth quarter.
Russell Investments Group Ltd. now owns 17,962 shares of the cryptocurrency exchange’s stock worth $3,142,000 after acquiring an additional 1,685 shares in the last quarter. Benjamin F.
Edwards & Company Inc. increased its holdings in shares of Coinbase Global by 50.1% during the fourth quarter.
Benjamin F. Edwards & Company Inc. now owns 1,229 shares of the cryptocurrency exchange’s stock worth $213,000 after buying an additional 410 shares in the last quarter.
Wealthcare Advisory Partners LLC bought a new position in shares of Coinbase Global in the fourth quarter valued at approximately $219,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coinbase Global by 6.
1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 656,689 shares of the cryptocurrency exchange’s stock worth $114,211,000 after acquiring an additional 37,847 shares in the last quarter.
Finally, Principal Securities Inc. bought a new stake in Coinbase Global during the 4th quarter worth approximately $122,000. 68.
84% of the stock is owned by 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.
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.com's FREE daily email newsletter ..
