Coinbase Global (NASDAQ:COIN) is up 7.1% following an analyst upgrade.

On Friday, the price of Coinbase Global, Inc. (NASDAQ: COIN) shares increased by 7.1% after JPMorgan Chase & Co. increased their price objective from $53.00 to $60.00. At this time, the rating on the share of stock held by JPMorgan Chase & Co. has been adjusted to reflect a neutral outlook. During the trading session at noon, Coinbase Global’s price ranged from a high of $52.99 to a low of $52.94. The shares traded during this session were 98% lower than the average session volume of 18,639,539 shares. At the time of the most recent trade, one share of the company’s stock was offered for $49.42.

Recently published reports on the company have come from several other equity research analysts. These studies emphasized more recent happenings. Daiwa Capital Markets lowered their target price for Coinbase Global shares from $82.00 to $52.00 in a research report published on Wednesday, November 9. The firm also changed its rating for the company from “buy” to “neutral.” In a research report that was made public on January 11, Bank of America lowered their price objective for Coinbase Global from $50.00 to $35.00 and downgraded the company from “neutral” to “underperform.” In a research report that was made public on January 9, JMP Securities lowered both its “market outperform” rating for Coinbase Global shares and its price target for those shares, which had previously been set at $155.00 and had been reduced to $80.00. Wedbush lowered their price objective on Coinbase Global from $100.00 to $75.00 within a research report made available to the general public on November 4. Compass Point lowered their price target for Coinbase Global shares from $95.00 to $75.00 in a research study published on Wednesday, October 26. In the report, this was not the only instance of a lower price being offered. The vast majority of analysts have a bullish outlook on the company, with ten recommending a purchase, ten recommending a hold, and only five recommending a sale. According to the data made available by Bloomberg, the general recommendation regarding Coinbase Global’s shares is to “hold” them. The consensus price objective for each share is set at $74.04 per share.

In other news about this topic, Chief Financial Officer Alesia J. Haas sold 103,859 of the company’s shares of stock on November 22. The total value of the transacted stock was 4,407,775.96 dollars, and the price of $42.44 per share was determined to be the average selling price. The chief financial officer currently owns 92,317 shares of the company, and the total value of those shares is $3,917,933.48. You will be taken to a legal file submitted to the SEC if you click on the link we have provided, where you will find additional information regarding the sale. In related news regarding Coinbase Global, Chief Financial Officer Alesia J. Haas sold 94,000 shares on December 27. This is another piece of information regarding Coinbase Global. A total of $3,180,020.00 was received for the sale of the shares, which works out to an average price of $33.83 per share. Following the successful conclusion of the transaction, the chief financial officer now has direct control over 193,568 shares of the company. The total value of these shares is 6,548,405.44 dollars. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.

Additionally, on November 22, Chief Financial Officer Alesia J. Haas sold 103,859 shares of Coinbase Global stock. The total value of the transacted stock was 4,407,775.96 dollars, and the price of $42.44 per share was determined to be the average selling price. After the deal’s completion, the chief financial officer now has direct ownership of 92,317 shares of the company, which have a value of $3,917,933.48. Disclosures that are related to the sale might be found in this section of the website. The purchase of 101,543 shares of the company’s stock for a total of $4,498,300 and the sale of 560,244 shares of the company’s stock for a total value of $23,892,552 were completed by company insiders. There is a total of 36.10% of the company’s equity that the company’s insiders hold.

Recently, the stock market has seen significant participation from various large investors buying and selling shares. The percentage of Coinbase Global holdings owned by Fairfield Bush & Co. increased by 18.4% over the first three months of 2018. Following the acquisition of an additional 275 shares during the relevant period, Fairfield Bush & Co. now holds 1,770 shares of the cryptocurrency exchange’s stock, which have a combined value of $336,000. Coinbase Global received a capital contribution of $286,000 from the United Bank during the first three months of 2018. The Bank of New York Mellon Corporation purchased an additional 2.7% stake in Coinbase Global during the first three months of 2018. The Bank of New York Mellon Corp. now owns 70,553 shares of the cryptocurrency exchange, which have a value of $13,394,000, after purchasing an additional 1,844 shares during the most recent quarter. This brings the total number of shares that the corporation has acquired to a total of 71,057. American Century Companies Inc. increased the proportion of Coinbase Global, which is owned by 269.2% over the first three months of 2018. American Century Companies Inc. now owns 7,147 shares of the cryptocurrency exchange’s stock, valued at $1,357,000, following purchasing an additional 5,211 shares during the most recent period. These shares were acquired for a total cost of $1,357,000. The most recent period encompasses the acquisition of these shares. The percentage of Coinbase Global, owned by Synovus Financial Corp., increased by 26.6% during the first three months of the year. After purchasing an additional 232 shares during the most recent quarter, Synovus Financial Corp. now has 1,103 shares in the cryptocurrency exchange, which are worth a combined total of $209,000. This brings the company’s total number of shares to 1,103. Currently, 46.41% of the company’s shares are owned by hedge funds and other institutional investors.

Right now, the debt-to-equity ratio is at 0.60, the current ratio is 1.05, and the quick ratio is also at 1.05 at this moment in time. The share price of the company’s stock is currently trading at a moving average of $42.17 for the past fifty days and a moving average of $59.27 for the past 200 days. The company has a price-to-earnings ratio of -8.70, and its beta value is 2.16. The market value of the company is $11.97 billion at the moment.

On November 3, Coinbase Global, Inc. (NASDAQ: COIN) announced the completion of its quarterly financial report for the third quarter. The cryptocurrency exchange reported $2.43 per share earnings for the quarter, which was $0.20 less than the consensus forecast that analysts had provided, which was $2.23 per share. In their financial statements, Coinbase Global disclosed a negative net margin of 24.25% and a negative return on equity of 20.19%. The company reported quarterly revenue of $590.34 million, which is significantly lower than the consensus projection of $642.76 million made for the quarter. Coinbase Global, Inc. is expected to report a loss of -11.7 cents per share for the current fiscal year, as stated by the forecasts of equity research professionals.

Coinbase Global, Inc. provides financial infrastructure and technology to the bitcoin industry in several countries, including the United States of America. The company gives the partners in the ecosystem access to the technology and services that make it possible for them to develop applications based on cryptocurrencies and safely accept cryptocurrencies as payment for those applications. In addition, the company offers a primary financial account for businesses that participate in the crypto economy. This marketplace allows institutions to trade in cryptocurrencies and features a pool of liquidity and several other services.