Coinbase Global, Inc (NASDAQ:COIN) shares rose 0.7% during mid-day trading on Thursday and were last spotted trading at $276.72. The stock hit a high of $276.72 and a low of $274.93. Approximately 1,940,602 shares traded hands during trading, a 72% decline from the average daily volume of 6,988,896 shares. The stock had previously closed at $274.93.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The company's revenue for the quarter was up 78.8% year-over-year. On average, research analysts predict that Coinbase Global, Inc. will post 4.69 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have covered the company. Oppenheimer lifted their target price on Coinbase Global from $265.00 to $358.00 and gave the company an "outperform" rating in a research note on Monday, November 25th. JMP Securities restated a "market outperform" rating and set a $320.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 9th. B. Riley began coverage on shares of Coinbase Global in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $185.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Coinbase Global from $397.00 to $340.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Piper Sandler increased their price target on Coinbase Global from $245.00 to $285.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Coinbase Global currently has a consensus rating of "Hold" and a consensus price target of $284.17.
Get Our Latest Stock Analysis on Coinbase Global
Coinbase Global Trading Up 3.6 %
The stock has a market capitalization of $71.29 billion, a price-to-earnings ratio of 48.51 and a beta of 3.59. The company has a 50 day moving average of $290.19 and a 200 day moving average of $230.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03.
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