Coinbase Global (NASDAQ:COIN) Receives Sell Rating from Compass Point

Compass Point reiterated their sell rating on shares of Coinbase Global (NASDAQ:COIN) in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a $180.00 price objective on the cryptocurrency exchange's stock.

Several other research analysts have also recently issued reports on COIN. Mizuho decreased their target price on shares of Coinbase Global from $280.00 to $217.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. JMP Securities lowered their target price on shares of Coinbase Global from $475.00 to $400.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer reiterated an "outperform" rating on shares of Coinbase Global in a research report on Monday, February 10th. Monness Crespi & Hardt set a $420.00 price target on Coinbase Global in a research report on Tuesday, February 18th. Finally, Benchmark assumed coverage on Coinbase Global in a research report on Wednesday, April 23rd. They set a "buy" rating and a $252.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $289.90.

Coinbase Global Price Performance

COIN traded down $3.24 during trading on Monday, reaching $202.89. 4,552,384 shares of the company were exchanged, compared to its average volume of 9,671,404. The company's 50-day moving average is $189.18 and its two-hundred day moving average is $243.08. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 21.36 and a beta of 3.65. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Research analysts forecast that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 7,575 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now owns 114,866 shares of the company's stock, valued at approximately $22,973,200. This represents a 6.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Armstrong sold 25,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $270.99, for a total transaction of $6,774,750.00. Following the transaction, the chief executive officer now owns 526 shares in the company, valued at approximately $142,540.74. This trade represents a 97.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,970 shares of company stock valued at $38,672,615 in the last 90 days. 23.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors have recently added to or reduced their stakes in COIN. Mascagni Wealth Management Inc. bought a new stake in shares of Coinbase Global in the 4th quarter valued at about $25,000. Copia Wealth Management acquired a new stake in shares of Coinbase Global during the 4th quarter worth approximately $26,000. Bessemer Group Inc. increased its stake in shares of Coinbase Global by 297.4% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange's stock valued at $26,000 after purchasing an additional 113 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Coinbase Global during the 4th quarter worth $27,000. Finally, Atala Financial Inc acquired a new position in shares of Coinbase Global during the 4th quarter worth $27,000. 68.84% of the stock is owned by institutional investors.

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.