Coinbase Global (NASDAQ:COIN) Shares Soar 6.9% on Friday

COIN has been the topic of a number of analyst reports. HC Wainwright reiterated a "buy" rating and set a $295.00 price objective on shares of Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN) shares shot up 6.9% on Friday . The company traded as high as $273.50 and last traded at $273.25. 6,316,977 shares changed hands during trading, a decline of 40% from the average session volume of 10,575,240 shares. The stock had previously closed at $255.58.

Analysts Set New Price Targets

COIN has been the topic of a number of analyst reports. HC Wainwright reiterated a "buy" rating and set a $295.00 price objective on shares of Coinbase Global in a research note on Tuesday, October 29th. Bank of America raised their target price on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Barclays upped their price objective on Coinbase Global from $175.00 to $204.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Compass Point cut their price target on Coinbase Global from $325.00 to $295.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Finally, Monness Crespi & Hardt started coverage on shares of Coinbase Global in a report on Monday, October 28th. They issued a "buy" rating and a $245.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $246.28.

Check Out Our Latest Stock Analysis on COIN

Coinbase Global Trading Up 5.9 %

The business has a fifty day moving average price of $183.17 and a two-hundred day moving average price of $208.93. 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 capitalization of $67.27 billion, a PE ratio of 46.63 and a beta of 3.34.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates by ($0.13). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. Coinbase Global's revenue was up 78.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Analysts expect that Coinbase Global, Inc. will post 4.27 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $203.30, for a total transaction of $304,950.00. Following the sale, the chief operating officer now owns 175,101 shares of the company's stock, valued at approximately $35,598,033.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coinbase Global news, insider Paul Grewal sold 16,962 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.96, for a total value of $3,510,455.52. Following the sale, the insider now directly owns 75,556 shares in the company, valued at $15,637,069.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with