Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 6,080 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 6,080 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $247.47, for a total value of $1,504,617.60. Following the completion of the sale, the chief financial officer now owns 100,366 shares of the company's stock, valued at approximately $24,837,574.02. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Coinbase Global Stock Performance

Coinbase Global stock traded up $41.44 during trading hours on Wednesday, hitting $295.29. The stock had a trading volume of 37,219,636 shares, compared to its average volume of 10,241,131. The company has a 50-day moving average of $224.90 and a two-hundred day moving average of $240.73. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $349.75. The company has a market cap of $74.97 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 19.06 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently bought and sold shares of COIN. Norges Bank bought a new position in shares of Coinbase Global during the 4th quarter worth approximately $536,484,000. Groupama Asset Managment acquired a new position in Coinbase Global during the fourth quarter worth $372,450,000. Vanguard Group Inc. raised its stake in Coinbase Global by 4.8% during the first quarter. Vanguard Group Inc. now owns 19,294,456 shares of the cryptocurrency exchange's stock worth $3,323,084,000 after acquiring an additional 875,359 shares in the last quarter. Nuveen LLC bought a new position in shares of Coinbase Global during the first quarter valued at $83,454,000. Finally, Amundi boosted its stake in shares of Coinbase Global by 44.1% in the 1st quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange's stock valued at $268,850,000 after purchasing an additional 481,786 shares in the last quarter. Institutional investors own 68.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on COIN shares. JMP Securities reissued a "market outperform" rating and issued a $400.00 price target on shares of Coinbase Global in a research report on Thursday, May 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $260.00 target price (up from $210.00) on shares of Coinbase Global in a research note on Tuesday, May 27th. HC Wainwright reiterated a "buy" rating and issued a $350.00 target price on shares of Coinbase Global in a report on Friday, February 21st. Compass Point upgraded shares of Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 price target for the company in a report on Monday, May 12th. Finally, The Goldman Sachs Group raised their price target on Coinbase Global from $189.00 to $209.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coinbase Global has an average rating of "Moderate Buy" and a consensus price target of $271.88.

Coinbase Global Company Profile

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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