Emilie Choi Sells 1,500 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $248.00, for a total value of $372,000.00. Following the completion of the sale, the chief operating officer now directly owns 215,351 shares of the company’s stock, valued at $53,407,048. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Emilie Choi also recently made the following trade(s):

• On Thursday, March 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $260.00, for a total value of $390,000.00.
• On Thursday, March 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $245.00, for a total value of $367,500.00.
• On Friday, February 2nd, Emilie Choi sold 700 shares of Coinbase Global stock. The shares were sold at an average price of $130.29, for a total value of $91,203.00.
• On Wednesday, January 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $129.31, for a total value of $193,965.00.

Coinbase Global Trading Down 2.3 %

Coinbase Global stock traded down $5.05 during trading hours on Wednesday, reaching $213.78. The company had a trading volume of 9,423,899 shares, compared to its average volume of 14,044,888. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average price of $219.76 and a 200 day moving average price of $153.77. The firm has a market cap of $51.79 billion, a price-to-earnings ratio of 786.41 and a beta of 3.41. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. The business had revenue of $953.80 million for the quarter, compared to analysts’ expectations of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The business’s quarterly revenue was up 51.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.46) EPS. Equities analysts forecast that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Hedge Funds Weigh In On Coinbase Global

A number of large investors have recently bought and sold shares of the stock. Founders Financial Securities LLC purchased a new position in shares of Coinbase Global during the first quarter valued at approximately $223,000. Hennessy Advisors Inc. purchased a new position in shares of Coinbase Global during the first quarter valued at approximately $1,591,000. Vanguard Capital Wealth Advisors increased its stake in shares of Coinbase Global by 48.9% during the first quarter. Vanguard Capital Wealth Advisors now owns 1,858 shares of the cryptocurrency exchange’s stock valued at $493,000 after buying an additional 610 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Coinbase Global by 203.0% during the first quarter. Sunbelt Securities Inc. now owns 300 shares of the cryptocurrency exchange’s stock valued at $80,000 after buying an additional 201 shares during the period. Finally, RMR Wealth Builders purchased a new position in shares of Coinbase Global during the first quarter valued at approximately $254,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COIN. Citigroup raised their target price on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Keefe, Bruyette & Woods increased their price target on Coinbase Global from $160.00 to $230.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 3rd. Mizuho increased their price target on Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a research note on Friday, April 12th. TheStreet upgraded Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Finally, Barclays raised their target price on Coinbase Global from $146.00 to $179.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and an average target price of $163.70.

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.