Circle Internet Group (NYSE:CRCL) Earns Market Perform Rating from Analysts at Oppenheimer

Investment analysts at Oppenheimer started coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the stock.

Several other equities research analysts have also recently commented on the company. Wall Street Zen cut Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Friday. Needham & Company LLC assumed coverage on shares of Circle Internet Group in a report on Monday. They issued a "buy" rating and a $250.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Circle Internet Group in a report on Monday. They set an "underweight" rating and a $80.00 price objective for the company. Canaccord Genuity Group assumed coverage on Circle Internet Group in a research report on Monday. They issued a "buy" rating and a $247.00 price target on the stock. Finally, Compass Point began 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Circle Internet Group currently has an average rating of "Hold" and a consensus price target of $187.14.

Circle Internet Group Stock Down 15.5%

Shares of CRCL opened at $180.62 on Monday. Circle Internet Group has a one year low of $64.00 and a one year high of $298.99. The stock has a market capitalization of $40.20 billion and a price-to-earnings ratio of -14,273.75.

Insider Buying and Selling at Circle Internet Group

In other news, Director Rajeev V. Date sold 50,000 shares of the firm'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 owns 238,513 shares in the company, valued at approximately $6,988,430.90. This trade represents a 17.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of Circle Internet Group 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 sale, the insider now directly owns 20,120,769 shares of the company's stock, valued at $589,538,531.70. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

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