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

Key Points

• Consensus "Hold" — 23 analysts cover CRCL (2 sell, 11 hold, 9 buy, 1 strong buy) with an average 1‑year price target of $126.29.
• Insider selling — executives Nikhil Chandhok and President Heath Tarbert sold 10,000 and 15,000 shares (at ~$123.08 and ~$116.04), and insiders have sold 482,195 shares worth about $46.8M in the past three months.
• Recent results and stock metrics — Circle reported Q EPS of $0.43 (beat $0.25) and revenue up 76.9% year‑over‑year; shares opened at $95.35 with a 52‑week range of $49.90–$298.99 and a market cap around $23.5B.

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-three ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $126.2941.

CRCL has been the subject of several recent analyst reports. Zacks Research upgraded shares of Circle Internet Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 17th. Robert W. Baird increased their target price on shares of Circle Internet Group from $110.00 to $138.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. William Blair reiterated an "outperform" rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. HC Wainwright started coverage on shares of Circle Internet Group in a research report on Friday, December 19th. They issued a "neutral" rating and a $85.00 price target for the company. Finally, Wall Street Zen upgraded shares of Circle Internet Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th.

Insiders Place Their Bets

In related news, insider Nikhil Chandhok sold 10,000 shares of the company's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $123.08, for a total value of $1,230,800.00. Following the completion of the sale, the insider directly owned 540,376 shares of the company's stock, valued at $66,509,478.08. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Heath Tarbert sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $116.04, for a total value of $1,740,600.00. Following the transaction, the president owned 584,156 shares in the company, valued at $67,785,462.24. This represents a 2.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 482,195 shares of company stock worth $46,809,227.

Hedge Funds Weigh In On Circle Internet Group

Hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its stake in Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company's stock worth $26,000 after purchasing an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the 2nd quarter worth $27,000. Finally, Bellevue Asset Management LLC acquired a new position in Circle Internet Group in the fourth quarter valued at $29,000.

Circle Internet Group Stock Performance

Shares of NYSE CRCL opened at $95.35 on Wednesday. The stock's 50-day simple moving average is $85.04 and its 200-day simple moving average is $96.90. The firm has a market capitalization of $23.53 billion and a PE ratio of -51.26. Circle Internet Group has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.18. The business had revenue of $770.23 million during the quarter. Circle Internet Group's quarterly revenue was up 76.9% compared to the same quarter last year.

About Circle Internet Group

Circle Internet Group NYSE: CRCL is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

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