The price of Coinbase Global Inc (NASDAQ:COIN) shares last traded on Wall Street fell -4.53% to $200.92.
COIN stock price is now -15.02% away from the 50-day moving average and 41.77% away from the 200-day moving average. The market capitalization of the company currently stands at $49.34B.
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With the price target enhanced from $92 to $110, BofA Securities maintained Underperform rating for Coinbase Global Inc (NASDAQ: COIN). On April 08, 2024, Barclays reiterated its ‘Underweight’ rating on the stock by increasing its target price from $146 to quote $179, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Ehrsam Frederick Ernest III, Director sold 16,380 shares of the company’s stock on May 08 ’24. The stock was sold for $3,473,915 at an average price of $212.08. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Chairman and CEO Armstrong Brian sold 23,075 shares of the business’s stock. A total of $5,171,892 was realized by selling the stock at an average price of $224.13. This leaves the insider owning 526 shares of the company worth $0.11 million. A total of 29.41% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $46.43 and a high of $283.48.
The net profit margin was 28.94% and return on equity was 19.63% for COIN. The company reported revenue of $1.64 billion for the quarter, compared to $772.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 111.98 percent.
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