The stock of Coinbase Global Inc (NASDAQ:COIN) last traded at $258.67, down -2.25% from the previous session.
COIN stock price is now -8.62% away from the 50-day moving average and 9.87% away from the 200-day moving average. The market capitalization of the company currently stands at $65.67B.
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With the price target enhanced from $250 to $290, Mizuho Upgraded its rating from Neutral to Outperform for Coinbase Global Inc (NASDAQ: COIN). On December 19, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $245 to quote $390, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, HAAS ALESIA J, Chief Financial Officer sold 5,500 shares of the company’s stock on Feb 18 ’25. The stock was sold for $1,533,400 at an average price of $278.80. Upon completion of the transaction, the Chief Financial Officer now directly owns 118,970 shares in the company, valued at $30.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Chief Financial Officer HAAS ALESIA J sold 1,741 shares of the business’s stock. A total of $485,391 was realized by selling the stock at an average price of $278.80. This leaves the insider owning 17,414 shares of the company worth $4.5 million. A total of 21.35% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $146.12 and a high of $349.75.
The net profit margin was 35.66% and return on equity was 31.13% for COIN. The company reported revenue of $2.27 billion for the quarter, compared to $953.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 138.17 percent.
