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

Meta, Microsoft, Robinhood, Super Micro, and Coinbase are in focus due to recent earnings reports and other developments. Meta and Microsoft beat earnings expectations, while Robinhood met earnings but missed revenue estimates. Super Micro's stock plunged due to auditor resignation, and Coinbase missed revenue estimates.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 2:31 am

Coinbase Global (NASDAQ:COIN) reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:40 pm

Coinbase shares declined after the company reported Q3 earnings per share and sales that were below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:33 pm

Coinbase Global reported Q3 earnings per share of $0.28, missing the analyst estimate of $0.42. Sales were $1.21 billion, below the expected $1.26 billion. Despite missing estimates, EPS increased significantly from last year's loss, and sales grew by 78.77% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:14 pm

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable bearish sentiment is observed in call and put options for companies like HOOD, GPN, BWIN, WFC, COIN, JPM, and BX, while neutral sentiment is noted for DFS and BLK.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 5:35 pm

Coinbase Glb (NASDAQ:COIN) has seen unusual options activity, with a mix of bullish and bearish trades. The options scanner detected 58 uncommon trades, with a significant amount of money involved. The sentiment is split, with 31% bullish and 41% bearish. Analysts have mixed ratings, with price targets ranging from $175 to $320. The stock is currently down 0.52% at $218.51, and RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 3:46 pm

Visa and Coinbase have partnered to offer real-time fund transfers for Coinbase users in the U.S. and EU, enhancing trading speed and flexibility. Visa's strong Q4 results, with an EPS of $2.71 and revenue of $9.6 billion, have driven its stock up by 3.41%.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 3:12 pm

US stocks are expected to open higher as investors focus on GDP data and strong earnings from Alphabet, which beat revenue and EPS expectations. AMD fell 8% in premarket due to disappointing Q4 guidance. The 'Mag 7' earnings week continues with Apple, Microsoft, Meta, and Amazon. SPY and QQQ ETFs showed slight gains in premarket trading.

Portfolio Pulse from Rounak Jain

October 30, 2024 | 11:08 am

Visa has partnered with Coinbase to allow customers to deposit funds into their Coinbase accounts in real-time using eligible Visa debit cards. This service is available to customers in the US and EU, enhancing convenience and security.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:00 pm

Coinbase Global (NASDAQ:COIN) is set to report its Q3 earnings with expectations of significant revenue and EPS growth, coinciding with Bitcoin trading near all-time highs. Analysts have a positive outlook, with some maintaining high price targets for the stock.

Portfolio Pulse from Chris Katje

October 29, 2024 | 9:19 pm

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