Coinbase Global (COIN) Expected to Announce Earnings on Thursday

Coinbase Global (NASDAQ:COIN) is projected to post its quarterly earnings results 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. Parties interested in listening to the company’s conference call can do so using this link.

Coinbase Global Trading Down 4.8 %

Shares of NASDAQ COIN opened at $266.90 on Wednesday. The business has a fifty day moving average price of $283.93 and a 200 day moving average price of $237.20. Coinbase Global has a 1-year low of $137.13 and a 1-year high of $349.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $66.82 billion, a P/E ratio of 45.55 and a beta of 3.61.

Analyst Ratings Changes

A number of analysts have recently weighed in on COIN shares. Monness Crespi & Hardt raised their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, December 19th. HC Wainwright restated a “buy” rating and issued a $295.00 target price on shares of Coinbase Global in a research note on Tuesday, October 29th. Bank of America upped their price target on Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a research report on Thursday, October 31st. Finally, B. Riley initiated coverage on Coinbase Global in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.06.

Insider Activity

In other Coinbase Global news, CEO Brian Armstrong sold 58,269 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $328.00, for a total value of $19,112,232.00. Following the sale, the chief executive officer now directly owns 526 shares of the company’s stock, valued at approximately $172,528. This trade represents a 99.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $298.31, for a total value of $447,465.00. Following the transaction, the chief operating officer now directly owns 177,576 shares of the company’s stock, valued at approximately $52,972,696.56. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 361,798 shares of company stock valued at $107,826,444 in the last three months. 23.43% of the stock is currently owned by corporate insiders.

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.