Alesia J. Haas Sells 103,859 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 103,859 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $42.44, for a total transaction of $4,407,775.96. Following the completion of the sale, the chief financial officer now owns 92,317 shares in the company, valued at $3,917,933.48. The sale was disclosed in a document filed with the SEC, which is available at this link.

Coinbase Global Price Performance

Coinbase Global stock opened at $45.57 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $63.31 and a 200-day simple moving average of $65.60. Coinbase Global, Inc. has a 12 month low of $40.61 and a 12 month high of $331.70. The stock has a market capitalization of $10.34 billion, a PE ratio of -7.51 and a beta of 2.50.

Coinbase Global (NASDAQ:COINGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The cryptocurrency exchange reported ($2.43) EPS for the quarter, missing analysts’ consensus estimates of ($2.23) by ($0.20). The firm had revenue of $590.34 million for the quarter, compared to analysts’ expectations of $642.76 million. Coinbase Global had a negative return on equity of 20.19% and a negative net margin of 24.25%. Equities analysts predict that Coinbase Global, Inc. will post -11.42 earnings per share for the current year.

Institutional Investors Weigh In On Coinbase Global

Hedge funds have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its holdings in shares of Coinbase Global by 1,210.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 524 shares of the cryptocurrency exchange’s stock valued at $25,000 after buying an additional 484 shares during the period. BDO Wealth Advisors LLC lifted its holdings in Coinbase Global by 133.5% in the third quarter. BDO Wealth Advisors LLC now owns 390 shares of the cryptocurrency exchange’s stock valued at $25,000 after acquiring an additional 223 shares during the period. Ellevest Inc. purchased a new stake in shares of Coinbase Global during the 3rd quarter worth $26,000. WD Rutherford LLC acquired a new position in shares of Coinbase Global during the 1st quarter worth $28,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Coinbase Global in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 49.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COIN. JPMorgan Chase & Co. raised their price target on Coinbase Global from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, November 4th. Keefe, Bruyette & Woods cut Coinbase Global from a “market perform” rating to an “underperform” rating and set a $45.00 target price for the company. in a research note on Wednesday, August 10th. Oppenheimer dropped their price target on shares of Coinbase Global to $89.00 in a research note on Tuesday, November 15th. Daiwa Capital Markets downgraded shares of Coinbase Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $82.00 to $52.00 in a research report on Wednesday, November 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Coinbase Global from $49.00 to $41.00 and set a “sell” rating on the stock in a research report on Monday, November 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $89.17.

Coinbase Global Company Profile

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Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.

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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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