Coinbase Global (COIN) Scheduled to Post Earnings on Thursday

Coinbase Global (NASDAQ:COINGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Coinbase Global to post earnings of ($0.12) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Coinbase Global Price Performance

NASDAQ COIN opened at $122.07 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. Coinbase Global has a 1 year low of $46.43 and a 1 year high of $187.39. The company has a fifty day simple moving average of $144.08 and a 200 day simple moving average of $105.25. The company has a market cap of $29.21 billion, a P/E ratio of -37.79 and a beta of 3.14.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COIN. Oppenheimer raised shares of Coinbase Global from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, January 26th. Mizuho lifted their target price on Coinbase Global from $54.00 to $60.00 and gave the stock an “underperform” rating in a research note on Thursday, January 18th. Citigroup upped their target price on Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. downgraded Coinbase Global from a “neutral” rating to an “underweight” rating and set a $80.00 price objective for the company. in a report on Tuesday, January 23rd. Finally, Bank of America decreased their price objective on Coinbase Global from $63.00 to $60.00 in a research note on Thursday, October 12th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.68.

Get Our Latest Stock Analysis on Coinbase Global

Insider Activity at Coinbase Global

In other Coinbase Global news, insider Lawrence J. Brock sold 16,075 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $113.99, for a total value of $1,832,389.25. Following the completion of the sale, the insider now directly owns 11,089 shares in the company, valued at approximately $1,264,035.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coinbase Global news, CEO Brian Armstrong sold 18,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $96.38, for a total value of $1,783,030.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lawrence J. Brock sold 16,075 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $113.99, for a total value of $1,832,389.25. Following the transaction, the insider now owns 11,089 shares in the company, valued at approximately $1,264,035.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,245,947 shares of company stock valued at $174,262,795. 33.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC raised its holdings in shares of Coinbase Global by 144.0% during the fourth quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock worth $26,000 after acquiring an additional 435 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Coinbase Global in the 2nd quarter worth approximately $31,000. ICA Group Wealth Management LLC acquired a new position in shares of Coinbase Global in the 4th quarter worth approximately $36,000. Bessemer Group Inc. lifted its holdings in Coinbase Global by 100.0% during the 4th quarter. Bessemer Group Inc. now owns 1,000 shares of the cryptocurrency exchange’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its holdings in Coinbase Global by 1,120.7% during the 4th quarter. Money Concepts Capital Corp now owns 1,355 shares of the cryptocurrency exchange’s stock worth $48,000 after buying an additional 1,244 shares in the last quarter. Institutional investors and hedge funds own 45.96% of the company’s stock.

About Coinbase Global

(Get Free Report)

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

Read More

Earnings History for Coinbase Global (NASDAQ:COIN)

Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.com's FREE daily email newsletter.