Coinbase Global (COIN) to Release Earnings on Thursday

Coinbase Global (NASDAQ:COIN) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The business had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. Coinbase Global’s revenue was up 51.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.46) EPS. On average, analysts expect Coinbase Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Coinbase Global Stock Down 5.1 %

COIN opened at $224.37 on Thursday. The company has a fifty day moving average price of $229.46 and a 200-day moving average price of $159.37. The firm has a market capitalization of $54.36 billion, a P/E ratio of 831.00 and a beta of 3.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global has a one year low of $46.43 and a one year high of $283.48.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COIN shares. JMP Securities restated a “market outperform” rating on shares of Coinbase Global in a research report on Friday, March 22nd. TheStreet raised shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Needham & Company LLC lifted their price objective on shares of Coinbase Global from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a report on Thursday, March 28th. Finally, Wedbush lifted their price objective on shares of Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $165.43.

Insider Activity at Coinbase Global

In related news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.31, for a total transaction of $193,965.00. Following the transaction, the chief operating officer now owns 233,142 shares in the company, valued at $30,147,592.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.31, for a total transaction of $193,965.00. Following the transaction, the chief operating officer now owns 233,142 shares in the company, valued at $30,147,592.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Alesia J. Haas sold 64,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $228.45, for a total transaction of $14,620,800.00. Following the transaction, the chief financial officer now owns 219,490 shares in the company, valued at approximately $50,142,490.50. The disclosure for this sale can be found here. Insiders have sold 515,828 shares of company stock worth $95,846,182 over the last 90 days. 33.16% of the stock is owned by company insiders.

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.