Stocks of Coinbase Global Inc (NASDAQ:COIN) traded higher last session on Wall Street, down -3.90% to $225.86.
COIN stock price is now -1.25% away from the 50-day moving average and 38.97% away from the 200-day moving average. The market capitalization of the company currently stands at $55.46B.
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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, HAAS ALESIA J, Chief Financial Officer sold 4,350 shares of the company’s stock on Jun 17 ’24. The stock was sold for $1,040,087 at an average price of $239.10. Upon completion of the transaction, the Chief Financial Officer now directly owns 187,403 shares in the company, valued at $42.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, President & COO Choi Emilie sold 1,500 shares of the business’s stock. A total of $369,240 was realized by selling the stock at an average price of $246.16. This leaves the insider owning 207,471 shares of the company worth $46.86 million. A total of 23.31% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $55.10 and a high of $283.48. The fifty day moving average price for COIN is $228.2084 and a two-hundred day moving average price translates $163.2717 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-03-31. 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.
