Circle Internet Group, Inc. (NYSE:CRCL) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts give Circle a consensus recommendation of Hold from 24 firms (3 sell, 11 hold, 9 buy, 1 strong buy), with an average 12‑month price target of about $127.24.
• Company insiders have been net sellers recently: CFO Jeremy Fox‑Geen and Nikhil Chandhok executed Rule 10b5‑1 sales and insiders sold 555,874 shares (~$54.0M) in the last three months, though insiders still own about 10.85% of the stock.
• Circle beat quarterly expectations with EPS of $0.43 vs. $0.25 estimated and revenue of $770.2M (up 76.9% YoY); the stock trades near $99.55 with a 12‑month range of $49.90–$298.99.

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) have received an average recommendation of "Hold" from the twenty-four research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $127.2353.

Several research analysts have recently commented on the stock. Sanford C. Bernstein set a $190.00 price target on shares of Circle Internet Group in a research note on Tuesday, January 6th. William Blair reiterated an "outperform" rating on shares of Circle Internet Group in a report on Wednesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Circle Internet Group from $128.00 to $111.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Weiss Ratings reiterated a "sell (d)" rating on shares of Circle Internet Group in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Circle Internet Group from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, February 10th.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 4,238 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $90.00, for a total transaction of $381,420.00. Following the completion of the sale, the chief financial officer directly owned 363,726 shares in the company, valued at $32,735,340. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nikhil Chandhok sold 10,000 shares of the company's stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $104.00, for a total transaction of $1,040,000.00. Following the sale, the insider owned 536,561 shares of the company's stock, valued at $55,802,344. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 555,874 shares of company stock valued at $54,031,625 in the last three months. 10.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Circle Internet Group

A number of hedge funds have recently bought and sold shares of the company. Strs Ohio boosted its holdings in Circle Internet Group by 140.1% during the first quarter. Strs Ohio now owns 2,716 shares of the company's stock valued at $259,000 after acquiring an additional 1,585 shares during the period. Keybank National Association OH bought a new stake in Circle Internet Group during the first quarter valued at about $248,000. Tcfg Wealth Management LLC bought a new stake in Circle Internet Group during the first quarter valued at about $217,000. Continuum Advisory LLC bought a new stake in Circle Internet Group during the first quarter valued at about $926,000. Finally, Janney Montgomery Scott LLC bought a new stake in Circle Internet Group during the first quarter valued at about $273,000.

Circle Internet Group Stock Performance

Shares of CRCL opened at $99.55 on Friday. The firm has a market cap of $24.57 billion and a PE ratio of -53.52. The firm's 50 day moving average price is $97.44 and its 200 day moving average price is $92.22. Circle Internet Group has a twelve month low of $49.90 and a twelve month high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million during the quarter. The firm's quarterly revenue was up 76.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Circle Internet Group will post 0.84 earnings per share for the current fiscal 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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