Mizuho Begins Coverage on Circle Internet Group (NYSE:CRCL)

Mizuho started coverage on shares of Circle Internet Group (NYSE:CRCL - Free Report) in a research report released on Tuesday, Marketbeat reports. The brokerage issued an underperform rating and a $85.00 price target on the stock.

A number of other research analysts also recently weighed in on the stock. Barclays began coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They set an "overweight" rating and a $215.00 target price for the company. The Goldman Sachs Group began coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They issued a "neutral" rating and a $83.00 target price on the stock. Compass Point started coverage on shares of Circle Internet Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set an "outperform" rating and a $230.00 price target on the stock. Finally, Citigroup started coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set a "buy" rating and a $243.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Circle Internet Group currently has an average rating of "Hold" and a consensus price target of $179.30.

Circle Internet Group Trading Down 1.4%

Shares of NYSE CRCL traded down $2.95 during trading on Tuesday, hitting $204.51. 22,177,515 shares of the company traded hands, compared to its average volume of 42,963,117. Circle Internet Group has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The firm has a market capitalization of $45.51 billion and a P/E ratio of -16,161.69.

Insider Buying and Selling

In related news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $104,036,213.20. Following the sale, the insider owned 20,120,769 shares in the company, valued at approximately $589,538,531.70. This trade represents 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, CEO Jeremy Allaire sold 1,582,160 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $46,357,288.00. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock valued at $195,808,501 in the last 90 days.

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.