Coinbase Global, Inc. (NASDAQ:COIN) issued its quarterly earnings results on Thursday. The cryptocurrency exchange reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93), Briefing.com reports. Coinbase Global had a net margin of 31.46% and a return on equity of 14.72%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned ($0.42) earnings per share. The company’s revenue was up 104.8% on a year-over-year basis.
Coinbase Global Price Performance
Shares of COIN stock traded down $8.20 during mid-day trading on Friday, hitting $204.44. The company had a trading volume of 10,063,929 shares, compared to its average volume of 8,342,275. Coinbase Global, Inc. has a 52-week low of $69.63 and a 52-week high of $283.48. The stock’s 50 day moving average price is $234.52 and its 200-day moving average price is $214.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $50.20 billion, a P/E ratio of 40.81 and a beta of 3.40.
Insider Transactions at Coinbase Global
In other news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $246.16, for a total value of $369,240.00. Following the transaction, the chief operating officer now owns 207,471 shares of the company’s stock, valued at $51,071,061.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $246.16, for a total transaction of $369,240.00. Following the sale, the chief operating officer now owns 207,471 shares of the company’s stock, valued at $51,071,061.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 16,380 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $212.08, for a total transaction of $3,473,870.40. Following the sale, the director now directly owns 4,662 shares in the company, valued at approximately $988,716.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,601 shares of company stock valued at $56,091,678. 23.43% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on COIN
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.
See Also
- Five stocks we like better than Coinbase Global
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- What are earnings reports?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.com's FREE daily email newsletter.