Circle Internet Group (NYSE:CRCL) Earns Buy Rating from Analysts at Needham & Company LLC

Analysts at Needham & Company LLC started coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set a "buy" rating and a $250.00 price target on the stock. Needham & Company LLC's price objective would indicate a potential upside of 38.41% from the company's current price.

CRCL has been the topic of a number of other research reports. Canaccord Genuity Group initiated coverage on Circle Internet Group in a research note on Monday. They set a "buy" rating and a $247.00 price target on the stock. Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Wall Street Zen cut shares of Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday. Finally, Compass Point started coverage on Circle Internet Group in a research note on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Circle Internet Group presently has an average rating of "Hold" and an average price target of $187.14.

Circle Internet Group Stock Performance

Shares of CRCL stock opened at $180.62 on Monday. Circle Internet Group has a 1-year low of $64.00 and a 1-year high of $298.99. The stock has a market cap of $40.20 billion and a P/E ratio of -14,273.75.

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 firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $104,036,213.20. Following the completion of the sale, the insider now directly owns 20,120,769 shares of the company's stock, valued at $589,538,531.70. This trade represents a 15.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rajeev V. Date sold 50,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the sale, the director now directly owns 238,513 shares of the company's stock, valued at $6,988,430.90. This represents a 17.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,682,884 shares of company stock worth $195,808,501.

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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