Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 1,741 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 1,741 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $247.50, for a total transaction of $430,897.50. Following the sale, the chief financial officer now directly owns 10,450 shares in the company, valued at $2,586,375. This trade represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Coinbase Global Stock Up 16.3%

Shares of NASDAQ:COIN opened at $295.29 on Thursday. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $349.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.52 and a current ratio of 2.52. The company’s fifty day moving average is $227.26 and its 200-day moving average is $241.11. The company has a market capitalization of $74.97 billion, a PE ratio of 55.30, a P/E/G ratio of 18.50 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.24). Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COIN. The Goldman Sachs Group increased their price objective on shares of Coinbase Global from $189.00 to $209.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Barclays increased their target price on shares of Coinbase Global from $169.00 to $202.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. China Renaissance assumed coverage on shares of Coinbase Global in a research report on Tuesday. They issued a “buy” rating and a $353.30 target price for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $260.00 target price (up previously from $210.00) on shares of Coinbase Global in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Coinbase Global from $276.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.88.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently made changes to their positions in COIN. Mascagni Wealth Management Inc. acquired a new stake in shares of Coinbase Global in the 4th quarter valued at $25,000. Copia Wealth Management acquired a new position in Coinbase Global during the 4th quarter worth about $26,000. Bessemer Group Inc. lifted its position in Coinbase Global by 297.4% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange’s stock worth $26,000 after buying an additional 113 shares in the last quarter. Atala Financial Inc acquired a new position in Coinbase Global during the 4th quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Coinbase Global during the 1st quarter worth about $30,000. 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.