Coinbase Global (COIN) Expected to Announce Quarterly Earnings on Thursday

Coinbase Global (NASDAQ:COIN) is expected to be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Coinbase Global to post earnings of $0.46 per share and revenue of $1.70 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $275.14 on Thursday. Coinbase Global has a twelve month low of $114.51 and a twelve month high of $349.75. The company has a market cap of $68.88 billion, a P/E ratio of 46.95 and a beta of 3.61. 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 company’s 50-day moving average price is $286.47 and its 200-day moving average price is $236.59.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Oppenheimer dropped their target price on Coinbase Global from $358.00 to $334.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Barclays upped their price objective on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their target price on Coinbase Global from $275.00 to $255.00 and set a “market perform” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group reduced their price target on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Monness Crespi & Hardt boosted their price objective on Coinbase Global from $245.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.06.

Insider Buying and Selling

In related news, CEO Brian Armstrong sold 58,269 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $328.00, for a total value of $19,112,232.00. Following the completion of the sale, the chief executive officer now owns 526 shares of the company’s stock, valued at $172,528. This represents a 99.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer N. Jones sold 1,837 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $295.02, for a total transaction of $541,951.74. Following the sale, the chief accounting officer now owns 1,160 shares in the company, valued at $342,223.20. This trade represents a 61.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 386,570 shares of company stock worth $115,554,837 in the last three months. 23.43% of the stock is owned by insiders.

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.