Coinbase Global Inc (NASDAQ:COIN) shares traded -6.42% lower at $212.49 on Wall Street last session.
COIN stock price is now -23.05% away from the 50-day moving average and -9.82% away from the 200-day moving average. The market capitalization of the company currently stands at $53.95B.
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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, Paul Grewal, Officer bought 33,906 shares of the company’s stock on Feb 25 ’25. The stock was bought for $7,453,556 at an average price of $219.83. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, Chief Accounting Officer Jones Jennifer N. sold 869 shares of the business’s stock. A total of $226,514 was realized by selling the stock at an average price of $260.66. This leaves the insider owning 4,572 shares of the company worth $0.97 million. A total of 21.33% 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. For the current quarter, analysts expect COIN to generate $2.22B in revenue.
