Keefe Bruyette slashes price target on Coinbase Global Inc. [COIN] – find out why.

Coinbase Global Inc. [NASDAQ: COIN] loss -4.61% on the last trading session, reaching $280.66 price per share at the time. The company report on April 27, 2021 that Coinbase to Announce First Quarter 2021 Results.

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Coinbase Global, Inc. announced that it will hold a conference call to discuss its first quarter 2021 financial results on Thursday, May 13, 2021, at 2:00 p.m. PT.

The live webcast of the call will be available on the Investor Relations website at https://investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website.

Coinbase Global Inc. represents 197.28 million in outstanding shares, while the company has a total market value of $55.37 billion with the latest information. COIN stock price has been found in the range of $275.61 to $292.19.

If compared to the average trading volume of 16.51M shares, COIN reached a trading volume of 5678964 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Coinbase Global Inc. [COIN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COIN shares is $479.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COIN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for Coinbase Global Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 04, 2021. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on April 27, 2021, representing the official price target for Coinbase Global Inc. stock. Previously, the target price had yet another raise to $285, while Mizuho analysts kept a Neutral rating on COIN stock.

The Average True Range (ATR) for Coinbase Global Inc. is set at 24.17, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 43.34.

Trading performance analysis for COIN stock

Coinbase Global Inc. [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.07.

Coinbase Global Inc. [COIN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coinbase Global Inc. [COIN] shares currently have an operating margin of +32.01 and a Gross Margin at +89.39. Coinbase Global Inc.’s Net Margin is presently recorded at +8.47.

Return on Total Capital for COIN is now 28.94, given the latest momentum, and Return on Invested Capital for the company is 7.80. Return on Equity for this stock inclined to 14.82, with Return on Assets sitting at 2.63. When it comes to the capital structure of this company, Coinbase Global Inc. [COIN] has a Total Debt to Total Equity ratio set at 69.56. Additionally, COIN Total Debt to Total Capital is recorded at 41.02, with Total Debt to Total Assets ending up at 11.45. Long-Term Debt to Equity for the company is recorded at 66.94, with the Long-Term Debt to Total Capital now at 39.48.

Reflecting on the efficiency of the workforce at the company, Coinbase Global Inc. [COIN] managed to generate an average of $86,674 per employee. Receivables Turnover for the company is 9.09 with a Total Asset Turnover recorded at a value of 0.31.Coinbase Global Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

An analysis of insider ownership at Coinbase Global Inc. [COIN]

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Positions in Coinbase Global Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1 institutional holders increased their position in Coinbase Global Inc. [NASDAQ:COIN] by around 400 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 400 shares, according to the latest SEC report filing. COIN stock had 1 new institutional investments in for a total of 400 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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