Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Open

282.51

Mkt cap

77B

Volume

18M

High

306.45

P/E Ratio

52.02

52-wk high

334.86

Low

276.02

Div yield

N/A

52-wk low

94.90

Cathie Wood-led Ark Invest made significant trades in AMD, Pinterest, and Coinbase. Ark purchased $47.5M in AMD shares and $12.7M in Pinterest shares, while reducing its Coinbase exposure by $2.7M amid a Bitcoin drop. Other trades included buying Guardant Health and Intellia Therapeutics, and selling Zoom, Teladoc, and Veracyte shares.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 2:53 am

Coinbase Global (NASDAQ:COIN) is set to report its Q2 earnings, with analysts expecting revenue of $1.4 billion and earnings per share of 93 cents. The company has beaten revenue estimates for six straight quarters and earnings estimates for five straight quarters. Analysts have mixed ratings on Coinbase, with price targets ranging from $181 to $345. Key items to watch include commentary on Bitcoin and Ethereum ETFs and the impact of subscription and services revenue.

Portfolio Pulse from Chris Katje

July 31, 2024 | 8:44 pm

The article provides a detailed comparison of Coinbase Global Inc. (NASDAQ: COIN) with its competitors in the Capital Markets industry. It highlights Coinbase's high valuation ratios (P/E, P/B, P/S) and strong operational metrics (ROE, EBITDA, gross profit, revenue growth) relative to industry averages. The analysis suggests potential overvaluation but also underscores Coinbase's robust financial performance and growth prospects.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:00 pm

Crypto-focused Fairshake has become the largest super PAC in the 2024 presidential election with over $200 million in donations, primarily targeting Democratic candidates. Major contributors include Coinbase Global Inc. and Ripple Labs, each donating $45 million. This highlights the growing political influence of the cryptocurrency industry.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 6:23 am

Shares of crypto-linked stocks are trading lower after initially rising on comments from Trump supporting a strategic national crypto stockpile.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:54 pm

Former President Donald Trump has promised to remove SEC Chair Gary Gensler if reelected, a statement that has resonated with cryptocurrency enthusiasts. Gensler, known for his stringent crypto regulations, has been a controversial figure. However, the feasibility of Trump's promise is legally ambiguous. Gensler is expected to step down in 2025, potentially altering the regulatory landscape for cryptocurrencies. This debate has significant implications for the crypto industry, including companies like Coinbase.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 5:41 pm

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 12:23 pm

US stocks are poised to extend gains ahead of key tech earnings and the FOMC meeting. Major tech companies like Microsoft, Apple, Amazon, and Meta are set to report earnings, which could set the market's tempo. Index futures show cautious optimism, and small-cap stocks continue to rally due to attractive valuations and rate-cut expectations. Key economic data and earnings reports from companies like McDonald's, ON Semiconductor, and others are also in focus.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 11:43 am

Shares of crypto-linked stocks are trading higher as Bitcoin rises following Donald Trump's advocacy for a strategic national crypto stockpile.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:21 am

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

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