Cetera Investment Advisers Boosted Its Position in Coinbase Global, Inc. (NASDAQ:COIN) by 303.5% in the 1st Quarter

Cetera Investment Advisers boosted its position in Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 303.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission.

Cetera Investment Advisers boosted its position in Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 303.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,935 shares of the cryptocurrency exchange’s stock after purchasing an additional 19,508 shares during the quarter. Cetera Investment Advisers’ holdings in Coinbase Global were worth $6,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several equities analysts have recently weighed in on COIN shares. Wedbush lifted their price objective on Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Singular Research reiterated a “buy” rating on shares of Coinbase Global in a research note on Wednesday, May 8th. JMP Securities reissued a “market outperform” rating and issued a $320.00 target price on shares of Coinbase Global in a research note on Friday, August 2nd. Bank of America reduced their target price on shares of Coinbase Global from $263.00 to $246.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price target on shares of Coinbase Global in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and a consensus target price of $248.38.

Coinbase Global, Inc. (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93). Coinbase Global had a net margin of 31.46% and a return on equity of 14.72%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business earned ($0.42) earnings per share. The company’s revenue was up 104.8% on a year-over-year basis. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 4.95 earnings per share for the current fiscal year.

Coinbase Global Profile

(Free Report)

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.

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