Circle Internet Group, Inc. (NYSE:CRCL) Given Average Rating of "Buy" by Brokerages

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) has been assigned an average recommendation of "Buy" from the two analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $205.00.

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Circle Internet Group in a report on Monday. They issued a "hold" rating and a $155.00 price target on the stock. Seaport Res Ptn raised shares of Circle Internet Group to a "strong-buy" rating in a research report on Friday, June 20th. Compass Point assumed coverage on shares of Circle Internet Group in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $205.00 price target for the company. Sanford C. Bernstein started coverage on shares of Circle Internet Group in a report on Monday. They set an "outperform" rating and a $230.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Circle Internet Group in a research note on Monday. They issued an "underweight" rating and a $80.00 target price on the stock.

Circle Internet Group Stock Performance

CRCL stock opened at $180.62 on Monday. The firm has a market cap of $40.20 billion and a PE ratio of -14,273.75. Circle Internet Group has a 52-week low of $64.00 and a 52-week high of $298.99.

Insider Buying and Selling

In other Circle Internet Group news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $104,036,213.20. Following the sale, the insider now directly owns 20,120,769 shares in the company, valued at approximately $589,538,531.70. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rajeev V. Date sold 50,000 shares of Circle Internet Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the director now directly owns 238,513 shares in the company, valued at $6,988,430.90. This represents a 17.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,682,884 shares of company stock valued at $195,808,501 over the last quarter.

Circle Internet Group Company Profile

Founded in 2013, Circle's mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.

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