The price of Coinbase Global Inc (NASDAQ:COIN) shares last traded on Wall Street rose 6.54% to $211.40.
COIN stock price is now -4.85% away from the 50-day moving average and 9.07% away from the 200-day moving average. The market capitalization of the company currently stands at $52.53B.
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With the price target enhanced from $260 to $345, Citigroup Upgraded its rating from Neutral to Buy for Coinbase Global Inc (NASDAQ: COIN). On May 17, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $110 to quote $217, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, LAWRENCE J BROCK & JENNIFER M , Officer bought 15,610 shares of the company’s stock on Aug 23 ’24. The stock was bought for $3,097,492 at an average price of $198.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Chief Financial Officer HAAS ALESIA J sold 4,129 shares of the business’s stock. A total of $812,479 was realized by selling the stock at an average price of $196.77. This leaves the insider owning 181,536 shares of the company worth $38.38 million. A total of 23.04% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $69.63 and a high of $283.48. The fifty day moving average price for COIN is $221.3002 and a two-hundred day moving average price translates $194.4449 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-06-30. The net profit margin was 27.56% and return on equity was 20.99% for COIN. The company reported revenue of $1.45 billion for the quarter, compared to $707.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 104.78 percent.
