CCB news & sentiment — COASTAL FINANCIAL CORP

MAY 1·MarketBeatMed

Coastal Financial (NASDAQ:CCB) Price Target Cut to $120.00 by Analysts at TD Cowen

TD Cowen has lowered its price target for Coastal Financial (NASDAQ:CCB) from $145.00 to $120.00, while maintaining a "buy" rating, indicating a potential upside of 58.9% from its current share price. This revision follows Coastal Financial's Q1 earnings report, which missed analyst expectations with $0.78 EPS and $56.3 million revenue. Despite the target cut and mixed analyst coverage, the consensus remains a "Moderate Buy" with an average price target of $133.25.

APR 29·MarketBeat

Coastal Financial (NASDAQ:CCB) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Coastal Financial (NASDAQ:CCB) announced its quarterly earnings, reporting $0.78 EPS, which missed analyst expectations of $1.03 by $0.25. The company's revenue of $56.3 million also fell short of the $138.43 million consensus. Following the announcement, the stock plunged 14.0% to $74.51, and institutional investors own approximately 59.24% of the shares.

APR 29·MarketBeat

Coastal Financial Corporation (NASDAQ:CCB) Short Interest Down 24.0% in April

Coastal Financial Corporation (NASDAQ:CCB) experienced a significant 24.0% decrease in short interest in April, totaling 1,288,361 shares as of April 15th. This reduction follows the company's recent quarterly earnings report, which missed analyst expectations for both EPS ($0.78 vs. $1.03) and revenue ($56.3M vs. $138.4M). Despite the earnings shortfall, analysts maintain a "Buy" consensus rating with an average target price of $133.60 for CCB shares.

$CCB

Coastal Financial (NASDAQ:CCB) Price Target Cut to $120.00 by Analysts at TD Cowen

Coastal Financial (NASDAQ:CCB) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Coastal Financial Corporation (NASDAQ:CCB) Short Interest Down 24.0% in April

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