Coinbase Global, Inc. (NASDAQ:COIN) CAO Jennifer N. Jones sold 1,837 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $295.02, for a total transaction of $541,951.74. Following the transaction, the chief accounting officer now owns 1,160 shares in the company, valued at $342,223.20. The trade was a 61.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Coinbase Global Price Performance
Shares of NASDAQ:COIN traded down $18.93 during trading on Tuesday, reaching $293.29. The company had a trading volume of 13,159,959 shares, compared to its average volume of 11,182,573. The firm's fifty day moving average is $217.21 and its 200 day moving average is $215.90. The firm has a market capitalization of $73.43 billion, a PE ratio of 51.53 and a beta of 3.34. Coinbase Global, Inc. has a twelve month low of $112.18 and a twelve month high of $341.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company earned ($0.01) earnings per share. The firm's revenue for the quarter was up 78.8% on a year-over-year basis. On average, equities analysts forecast that Coinbase Global, Inc. will post 4.27 EPS for the current year.
Institutional Investors Weigh In On Coinbase Global
Large investors have recently made changes to their positions in the company. APEIRON CAPITAL Ltd acquired a new position in shares of Coinbase Global during the 1st quarter worth $108,434,000. BOKF NA increased its stake in shares of Coinbase Global by 9,906.9% during the 1st quarter. BOKF NA now owns 2,902 shares of the cryptocurrency exchange's stock worth $732,000 after purchasing an additional 2,873 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Coinbase Global by 5.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 18,599 shares of the cryptocurrency exchange's stock worth $4,931,000 after purchasing an additional 955 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Coinbase Global during the 1st quarter worth $663,000. Finally, Janus Henderson Group PLC increased its stake in shares of Coinbase Global by 66.4% during the 1st quarter. Janus Henderson Group PLC now owns 17,127 shares of the cryptocurrency exchange's stock worth $4,539,000 after purchasing an additional 6,835 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on COIN. B. Riley began coverage on shares of Coinbase Global in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $185.00 target price on the stock. Monness Crespi & Hardt began coverage on shares of Coinbase Global in a research report on Monday, October 28th. They set a "buy" rating and a $245.00 target price on the stock. Compass Point cut their price target on shares of Coinbase Global from $325.00 to $295.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. JMP Securities reaffirmed a "market outperform" rating and set a $320.00 price target on shares of Coinbase Global in a research note on Wednesday, October 9th. Finally, Needham & Company LLC increased their price target on shares of Coinbase Global from $290.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Coinbase Global has an average rating of "Hold" and an average price target of $255.22.
Read Our Latest Stock Report on COIN
About Coinbase Global
(
Get Free Report)
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
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