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

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) have earned an average recommendation of "Hold" from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $165.5385.

A number of brokerages recently commented on CRCL. JMP Securities began coverage on Circle Internet Group in a report on Tuesday, September 30th. They issued a "market perform" rating for the company. Wall Street Zen downgraded Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. The Goldman Sachs Group assumed coverage on Circle Internet Group in a report on Tuesday, August 12th. They set a "neutral" rating and a $83.00 target price on the stock. Rothschild & Co Redburn assumed coverage on Circle Internet Group in a report on Friday, October 3rd. They set a "neutral" rating and a $136.00 target price on the stock. Finally, Barclays assumed coverage on Circle Internet Group in a report on Monday, June 30th. They set an "overweight" rating and a $215.00 target price on the stock.

Circle Internet Group Price Performance

Shares of CRCL opened at $148.87 on Wednesday. The stock has a market capitalization of $34.16 billion and a P/E ratio of -11,764.74. Circle Internet Group has a one year low of $64.00 and a one year high of $298.99. The company has a 50-day simple moving average of $139.13.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 260,374 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $33,088,327.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nikhil Chandhok sold 50,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $6,354,000.00. Following the transaction, the insider directly owned 530,803 shares in the company, valued at approximately $67,454,445.24. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,014 shares of company stock worth $105,416,046 over the last quarter.

Institutional Trading of Circle Internet Group

Several hedge funds have recently made changes to their positions in the stock. Oak Thistle LLC bought a new stake in shares of Circle Internet Group in the 3rd quarter worth approximately $1,535,000. Infini Capital Management Ltd bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $1,124,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $725,000. Claris Financial LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $749,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $1,953,000.

About Circle Internet Group

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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