By otakuyassine3@gmail.com 
Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 11,421 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $273.23, for a total transaction of $3,120,559.83. Following the transaction, the director now owns 10,417 shares in the company, valued at approximately $2,846,236.91. This trade represents a 52.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Wednesday, December 4th, Frederick Ernest Ehrsam III sold 7,614 shares of Coinbase Global stock. The stock was sold at an average price of $325.14, for a total transaction of $2,475,615.96.
- On Monday, November 25th, Frederick Ernest Ehrsam III sold 26,649 shares of Coinbase Global stock. The stock was sold at an average price of $308.14, for a total value of $8,211,622.86.
Coinbase Global Trading Down 1.9 %
Shares of NASDAQ:COIN traded down $5.21 during trading on Thursday, hitting $274.41. 4,407,056 shares of the company’s stock were exchanged, compared to its average volume of 11,176,353. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $68.70 billion, a P/E ratio of 46.83 and a beta of 3.57. The firm has a 50-day moving average price of $273.67 and a two-hundred day moving average price of $227.52. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75.
Coinbase Global (NASDAQ:COIN – Get Free Report) last released its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. Coinbase Global’s revenue was up 78.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. Equities analysts predict that Coinbase Global, Inc. will post 4.44 earnings per share for the current year.
Analyst Upgrades and Downgrades
COIN has been the subject of several analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a report on Thursday, October 31st. Oppenheimer increased their price target on shares of Coinbase Global from $265.00 to $358.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Mizuho boosted their price objective on shares of Coinbase Global from $160.00 to $178.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Monness Crespi & Hardt increased their target price on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Piper Sandler reissued a “neutral” rating and set a $245.00 target price on shares of Coinbase Global in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $286.22.
View Our Latest Stock Report on COIN
Institutional Investors Weigh In On Coinbase Global
A number of institutional investors and hedge funds have recently added to or reduced their stakes in COIN. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global in the third quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of Coinbase Global by 547.4% in the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after purchasing an additional 104 shares during the period. ORG Wealth Partners LLC bought a new stake in Coinbase Global during the 3rd quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its holdings in Coinbase Global by 408.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 204 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its stake in Coinbase Global by 548.5% in the second quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange’s stock valued at $48,000 after buying an additional 181 shares in the last quarter. Institutional investors 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.
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