Coinbase Global (COIN) Scheduled to Post Earnings on Wednesday

Coinbase Global (NASDAQ:COIN) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Coinbase Global to post earnings of $0.34 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.93). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. Coinbase Global’s revenue for the quarter was up 104.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.42) earnings per share. On average, analysts expect Coinbase Global to post $4 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Coinbase Global Price Performance

Coinbase Global stock opened at $216.10 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $53.07 billion, a PE ratio of 43.13 and a beta of 3.35. Coinbase Global has a 12 month low of $71.88 and a 12 month high of $283.48. The stock has a 50-day moving average price of $181.38 and a two-hundred day moving average price of $209.38.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $204.44, for a total transaction of $81,776.00. Following the completion of the sale, the director now owns 7,771 shares of the company’s stock, valued at $1,588,703.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coinbase Global news, Director Gokul Rajaram sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $204.44, for a total value of $81,776.00. Following the completion of the sale, the director now owns 7,771 shares of the company’s stock, valued at approximately $1,588,703.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $162.24, for a total value of $243,360.00. Following the completion of the sale, the chief operating officer now directly owns 187,601 shares of the company’s stock, valued at $30,436,386.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,187 shares of company stock valued at $13,158,294 over the last 90 days. Company insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on COIN shares. Compass Point dropped their target price on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Monness Crespi & Hardt started coverage on Coinbase Global in a research report on Monday. They issued a “buy” rating and a $245.00 target price for the company. The Goldman Sachs Group dropped their target price on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Coinbase Global in a research report on Monday, August 5th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price target on shares of Coinbase Global in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $242.94.

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.