<div id="readability-page-1"><p>Coinbase Global, Inc. (NASDAQ:COIN)'s share price rose 1.9% during trading on Monday after JMP Securities raised their price target on the stock from $400.00 to $440.00. JMP Securities currently has a market outperform rating on the stock. Coinbase Global traded as high as $398.50 and last traded at $394.53. Approximately 6,121,976 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 11,120,033 shares. The stock had previously closed at $387.06.</p><div><p><span></span><span>Get <strong>Coinbase Global</strong> alerts:</span></p></div><ul><li>Coinbase: Analysts Call for New Ceilings—What's Driving Gains?</li></ul><p>Several other research analysts also recently weighed in on COIN. Sanford C. Bernstein upped their price target on Coinbase Global from $310.00 to $510.00 and gave the stock an &#34;outperform&#34; rating in a research note on Wednesday, June 25th. Jefferies Financial Group  restated a &#34;hold&#34; rating and set a $260.00 target price (up previously from $210.00) on shares of Coinbase Global in a research report on Tuesday, May 27th. Cantor Fitzgerald assumed coverage on shares of Coinbase Global in a research note on Tuesday, April 8th. They issued an &#34;overweight&#34; rating and a $245.00 price target on the stock. Benchmark raised their price objective on Coinbase Global from $301.00 to $421.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, June 23rd. Finally, Compass Point raised Coinbase Global from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and set a $195.00 target price on the stock in a report on Monday, May 12th. One research analyst  has rated the stock with a sell rating, ten have assigned  a hold rating and thirteen have issued  a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $304.75.</p><p><b>Get Our Latest Stock Analysis on COIN</b></p><h2>Insider Transactions at Coinbase Global</h2><ul><li>3 Blockchain Stocks to Profit in a Decentralized World</li></ul><p>In related news, insider Paul Grewal sold 12,931 shares of Coinbase Global stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $267.29, for a total transaction of $3,456,326.99. Following the completion of the sale, the insider owned 84,280 shares in the company, valued at $22,527,201.20. This trade represents a 13.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total transaction of $7,622,597.56. Following the transaction, the director directly owned 10,417 shares in the company, valued at approximately $2,632,167.56. This trade represents a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 670,915 shares of company stock worth $219,399,582. Insiders own  17.65% of the company's stock. </p><h2>Institutional Trading of Coinbase Global</h2><p>Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank raised its stake in shares of  Coinbase Global by 4.8% during the 1st quarter. Amalgamated Bank now owns 13,747 shares of the cryptocurrency exchange's stock worth $2,368,000 after acquiring an additional 629 shares in the last quarter.  KCM Investment Advisors LLC purchased a new position in  Coinbase Global in the fourth quarter worth $507,000.  GAMMA Investing LLC increased its position in shares of  Coinbase Global by 8.1% during the first quarter. GAMMA Investing LLC now owns 1,123 shares of the cryptocurrency exchange's stock worth $193,000 after purchasing an additional 84 shares in the last quarter.  Kingswood Wealth Advisors LLC lifted its holdings in shares of  Coinbase Global by 124.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,622 shares of the cryptocurrency exchange's stock valued at $453,000 after purchasing an additional 1,454 shares during the last quarter.  Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of  Coinbase Global by 10.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,456 shares of the cryptocurrency exchange's stock worth $610,000 after purchasing an additional 232 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors. </p><h2>Coinbase Global Stock Up 2.0%</h2><ul><li>Coinbase Stock Pops as Senate Passes GENIUS Stablecoin Bill</li></ul><p>The company has a 50-day moving average of $282.06 and a 200-day moving average of $246.12. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $100.22 billion, a price-to-earnings ratio of 73.88, a price-to-earnings-growth ratio of 29.42 and a beta of 3.70. </p><p>Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.24). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The business's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS.  On average, equities analysts predict that  Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year. </p><h2>About Coinbase Global</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Coinbase Global</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>5 Robotics Stocks to Buy for the Future of Automation</li><li>How to Calculate Stock Profit </li><li>Joby vs. Archer: Which eVTOL Stock Is Better for Your Portfolio?</li><li>How to trade using analyst ratings</li><li>3 Infrastructure Stocks Riding the U.S. Building Boom</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Coinbase Global Right Now?</h2><p>Before you consider Coinbase Global, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coinbase Global wasn't on the list.</p><p>While Coinbase Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Coinbase Global (NASDAQ:COIN) shares rose 1.9% after JMP Securities upgraded its price target from $400 to $440, maintaining a market outperform rating. The stock traded as high as $398.50, closing at $394.53. Other analysts have also raised their targets, with an average rating of "Moderate Buy" and a consensus target price of $304.75. Insider trading activity included significant sales by executives. Coinbase has a market cap of $100.22 billion and a P/E ratio of 73.88.</p>

- Coinbase Global, Inc. (NASDAQ:COIN) saw a 1.9% increase in share price after JMP Securities raised its price target from $400.00 to $440.00, maintaining a market outperform rating.  
- The stock traded at $394.53 with a significant decline in trading volume, while various analysts have adjusted their price targets, with a consensus target of $304.75.  
- The company reported a quarterly earnings miss, with $1.94 EPS against an estimate of $2.18, despite a 24.2% revenue increase year-over-year.

Coinbase Global (NASDAQ:COIN) Trading Up 1.9% Following Analyst Upgrade