Circle Internet Group (NYSE:CRCL) Earns Overweight Rating from Analysts at Barclays

Stock analysts at Barclays initiated coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The firm set an "overweight" rating and a $215.00 price target on the stock. Barclays's price target points to a potential upside of 19.03% from the company's previous close.

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC assumed coverage on Circle Internet Group in a report on Monday. They set a "buy" rating and a $250.00 price objective on the stock. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a report on Friday, June 20th. Sanford C. Bernstein assumed coverage on shares of Circle Internet Group in a report on Monday. They issued an "outperform" rating and a $230.00 price objective on the stock. Wall Street Zen lowered Circle Internet Group from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Oppenheimer assumed coverage on shares of Circle Internet Group in a report on Monday. They issued a "market perform" rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $187.14.

Circle Internet Group Stock Down 15.5%

Shares of NYSE:CRCL opened at $180.62 on Monday. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99. The stock has a market cap of $40.20 billion and a price-to-earnings ratio of -14,273.75.

Insider Buying and Selling

In other news, Director Rajeev V. Date sold 50,000 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 transaction of $1,465,000.00. Following the completion of the sale, the director now owns 238,513 shares of the company's stock, valued at approximately $6,988,430.90. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Fox-Geen sold 200,000 shares of the business'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 $5,860,000.00. Following the completion of the transaction, the chief financial officer now owns 320,371 shares of the company's stock, valued at $9,386,870.30. The trade was a 38.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,682,884 shares of company stock worth $195,808,501 over the last ninety days.

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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