Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 4,200 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,200 shares of Coinbase Global stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $247.54, for a total transaction of $1,039,668.00. Following the transaction, the chief financial officer now owns 192,622 shares in the company, valued at $47,681,649.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Coinbase Global Stock Down 3.2 %

Coinbase Global stock opened at $211.01 on Friday. The firm has a market cap of $51.12 billion, a price-to-earnings ratio of 781.52 and a beta of 3.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $283.48. The firm has a fifty day moving average price of $224.69 and a two-hundred day moving average price of $155.57.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business’s revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.46) EPS. As a group, analysts forecast that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

COIN has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating on shares of Coinbase Global in a report on Friday, March 22nd. Wedbush boosted their price target on shares of Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Canaccord Genuity Group restated a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a report on Thursday, March 28th. Piper Sandler boosted their price target on shares of Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $165.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in shares of Coinbase Global during the first quarter valued at about $32,000. Barrett & Company Inc. acquired a new position in shares of Coinbase Global during the fourth quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in shares of Coinbase Global during the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new position in shares of Coinbase Global during the first quarter valued at about $43,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Coinbase Global by 162.9% during the first quarter. Salem Investment Counselors Inc. now owns 184 shares of the cryptocurrency exchange’s stock valued at $49,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

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.