Stocks of Coinbase Global Inc (NASDAQ:COIN) traded higher last session on Wall Street, down -2.95% to $213.72.
COIN stock price is now 18.23% away from the 50-day moving average and 5.34% away from the 200-day moving average. The market capitalization of the company currently stands at $53.11B.
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With the price target reduced from $206 to $169, Barclays Upgraded its rating from Underweight to Equal Weight for Coinbase Global Inc (NASDAQ: COIN). On July 23, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $260 to quote $345, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Rajaram Gokul, Director sold 400 shares of the company’s stock on Oct 16 ’24. The stock was sold for $81,776 at an average price of $204.44. Upon completion of the transaction, the Director now directly owns 7,771 shares in the company, valued at $1.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Chief Financial Officer HAAS ALESIA J sold 5,250 shares of the business’s stock. A total of $1,025,083 was realized by selling the stock at an average price of $195.25. This leaves the insider owning 169,786 shares of the company worth $36.29 million. A total of 22.96% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $70.42 and a high of $283.48. The fifty day moving average price for COIN is $180.7646 and a two-hundred day moving average price translates $202.8901 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.
