Coinbase Global (COIN) Expected to Announce Quarterly Earnings on Thursday

Coinbase Global (NASDAQ:COIN) is projected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Coinbase Global to post earnings of $0.46 per share and revenue of $1.79 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Coinbase Global Stock Performance

COIN opened at $266.90 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $66.82 billion, a price-to-earnings ratio of 45.55 and a beta of 3.61. The company has a fifty day moving average of $283.93 and a 200 day moving average of $237.20. Coinbase Global has a fifty-two week low of $137.13 and a fifty-two week high of $349.75.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 15,228 shares of Coinbase Global stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $280.51, for a total transaction of $4,271,606.28. Following the completion of the sale, the director now directly owns 10,417 shares of the company’s stock, valued at $2,922,072.67. The trade was a 59.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total value of $2,566,900.00. Following the completion of the sale, the insider now owns 69,407 shares of the company’s stock, valued at $17,816,082.83. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 361,798 shares of company stock valued at $107,826,444 in the last 90 days. Company insiders own 23.43% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and issued a $295.00 target price on shares of Coinbase Global in a report on Tuesday, October 29th. B. Riley started coverage on Coinbase Global in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $185.00 price objective on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a research report on Thursday, October 31st. Bank of America raised their target price on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Coinbase Global from $275.00 to $255.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Coinbase Global currently has an average rating of “Moderate Buy” and a consensus target price of $284.06.

About Coinbase Global

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.