The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $279.62, up 4.28% from the previous session.
COIN stock price is now 3.58% away from the 50-day moving average and 22.07% away from the 200-day moving average. The market capitalization of the company currently stands at $73.00B.
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With the price target enhanced from $245 to $390, Monness Crespi & Hardt maintained Buy rating for Coinbase Global Inc (NASDAQ: COIN). On November 25, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $265 to quote $358, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Fred Ehrsam, Director bought 11,421 shares of the company’s stock on Dec 23 ’24. The stock was bought for $3,062,541 at an average price of $268.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Chairman and CEO Armstrong Brian sold 25,000 shares of the business’s stock. A total of $7,852,614 was realized by selling the stock at an average price of $314.10. This leaves the insider owning 526 shares of the company worth $0.15 million. A total of 22.91% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $114.51 and a high of $349.75. The fifty day moving average price for COIN is $268.3146 and a two-hundred day moving average price translates $228.9484 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.
