The price of Coinbase Global Inc (NASDAQ:COIN) shares last traded on Wall Street rose 4.23% to $207.60.
COIN stock price is now -11.67% away from the 50-day moving average and 43.74% away from the 200-day moving average. The market capitalization of the company currently stands at $50.98B.
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With the price target enhanced from $110 to $217, BofA Securities Upgraded its rating from Underperform to Neutral for Coinbase Global Inc (NASDAQ: COIN). On April 10, 2024, BofA Securities reiterated its ‘Underperform’ rating on the stock by increasing its target price from $92 to quote $110, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Rajaram Gokul, Director sold 1,144 shares of the company’s stock on May 16 ’24. The stock was sold for $245,960 at an average price of $215.00. Upon completion of the transaction, the Director now directly owns 2,544 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Chief Financial Officer HAAS ALESIA J sold 5,000 shares of the business’s stock. A total of $1,060,747 was realized by selling the stock at an average price of $212.15. This leaves the insider owning 187,622 shares of the company worth $38.95 million. A total of 29.36% 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.
