In yesterday’s Wall Street session, Coinbase Global Inc (NASDAQ:COIN) shares traded at $186.27, up 1.85% from the previous session.
COIN stock price is now 2.89% away from the 50-day moving average and -9.56% away from the 200-day moving average. The market capitalization of the company currently stands at $47.58B.
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With the price target of $245, Monness Crespi & Hardt recently initiated with Buy rating for Coinbase Global Inc (NASDAQ: COIN). On October 23, 2024, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $185, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Choi Emilie, President & COO sold 8,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $1,469,540 at an average price of $183.69. Upon completion of the transaction, the President & COO now directly owns 167,101 shares in the company, valued at $31.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, President & COO Choi Emilie sold 1,500 shares of the business’s stock. A total of $304,950 was realized by selling the stock at an average price of $203.30. This leaves the insider owning 175,101 shares of the company worth $32.62 million. A total of 22.80% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $80.81 and a high of $283.48. The fifty day moving average price for COIN is $181.5454 and a two-hundred day moving average price translates $205.654 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-09-30. The net profit margin was 26.40% and return on equity was 21.30% for COIN. The company reported revenue of $1.21 billion for the quarter, compared to $674.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.77 percent.
