Coinbase(COIN)
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Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
CNBC· 2024-10-30 20:31
Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.The stock fell more than 4% in extended trading.Here's what the company reported for the third quarter compared with what Wall Street expected, according to a survey of analysts by LSEG:Earnings per share: 28 cents vs. 41 cents ...
Coinbase(COIN) - 2024 Q3 - Quarterly Report
2024-10-30 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.00001 par value per shareCOIN The Nasdaq Stock Market LLC Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 3 ...
Coinbase(COIN) - 2024 Q3 - Quarterly Results
2024-10-30 20:10
Third Quarter 2024 October 30, 2024 $ $ Fellow Shareholders, Q3 was a solid quarter for Coinbase across our three priorities for 2024: driving revenue, crypto utility, and regulatory clarity. In Q3, we generated $1.2 billion in total revenue and $75 million in net income*. Q3 was our 7th consecutive quarter of positive Adjusted EBITDA, which was $449 million. And despite softer market conditions, we saw average native unit growth across staking, on-platform USDC, and custody, which helps diversify revenue o ...
COIN FINAL DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Coinbase Global, Inc. Investors to Secure Counsel Before Important November 12 Deadline in Securities Class Action First Filed by the Firm – COIN
GlobeNewswire News Room· 2024-10-29 18:43
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 25, 2024, both dates inclusive (the “Class Period”), of the important November 12, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Coinbase securities during the Class Period you may be entitled to compensation without payment of any out of po ...
Should COIN Stock Be in Your Portfolio Ahead of Q3 Earnings?
ZACKS· 2024-10-28 18:56
Coinbase Global Inc. (COIN) is expected to report an improvement in its top and bottom lines when it reports third-quarter 2024 results on Oct. 30, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for COIN’s third-quarter revenues is pegged at $1.3 billion, indicating 87.2% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at 39 cents per share. The Zacks Consensus Estimate for COIN’s third-quart ...
Insights Into Coinbase Global (COIN) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-25 14:20
In its upcoming report, Coinbase Global, Inc. (COIN) is predicted by Wall Street analysts to post quarterly earnings of $0.39 per share, reflecting an increase of 4000% compared to the same period last year. Revenues are forecasted to be $1.26 billion, representing a year-over-year increase of 87.2%. The consensus EPS estimate for the quarter has undergone an upward revision of 17.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...
COIN INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Coinbase Global, Inc. Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2024-10-25 14:10
SAN DIEGO, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Coinbase Global, Inc. (NASDAQ: COIN) publicly traded securities between April 14, 2021 and July 25, 2024, all dates inclusive (the “Class Period”), have until November 12, 2024 to seek appointment as lead plaintiff of the Coinbase class action lawsuit. Captioned Castle v. Coinbase Global, Inc., No. 24-cv-04850 (E.D. Pa.), the Coinbase class action lawsuit charges Coinbase as well as certai ...
Stock Of The Day: Coinbase Illustrates Important Price Levels
Benzinga· 2024-10-24 16:07
The best traders know how to identify important price levels. These are called support and resistance levels. A common market dynamic is levels of support converting into resistance and levels of resistance turning into support.As you can see on the chart, the $203 level has been both support and resistance for Coinbase Global Inc. COIN since May. This is why our team of trading experts has made it our Stock of the Day.If a market is going down there aren't enough buy orders to absorb all the sell orders. A ...
Stripe's Billion-Dollar Bet on Stablecoins
The Motley Fool· 2024-10-22 09:00
Stablecoins and the blockchain just got another big supporter.When the crypto bubble burst, it was seen as a sign that the blockchain's days were over. But that couldn't be further from the truth, and fintech company Stripe just signed a $1 billion deal to acquire Bridge, a stablecoin payment developer. In this video, Travis Hoium explains why this is huge for the blockchain and Coinbase (COIN -2.95%).*Stock prices used were end-of-day prices of Oct. 21, 2024. The video was published on Oct. 21, 2024. ...
COIN Stock Trading at a Premium to Industry at 96.60X: Should You Buy?
ZACKS· 2024-10-21 18:16
Coinbase Global Inc (COIN) shares are trading at a premium to the Zacks Financial Transaction Service Market. Its 12-month forward price-to-earnings of 96.60X is much higher than the industry average of 24.12X, the broader sector's 25.59X and the Zacks S&P 500 composite's 22.27X. Its Value Score of F suggests that the stock is not so cheap and indicates a stretched valuation at this moment. COIN, America's largest registered crypto exchange, has a market capitalization of $54.7 billion. The average volume o ...