Circle Internet Group (NYSE:CRCL) Now Covered by Citigroup

Equities researchers at Citigroup assumed coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a research note issued to investors on Monday, Marketbeat reports. The firm set a "buy" rating and a $243.00 price target on the stock. Citigroup's price target would suggest a potential upside of 30.89% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. Sanford C. Bernstein initiated coverage on Circle Internet Group in a research note on Monday. They set an "outperform" rating and a $230.00 target price for the company. Compass Point assumed coverage on Circle Internet Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price objective for the company. Wall Street Zen lowered Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Friday. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Finally, The Goldman Sachs Group started coverage on shares of Circle Internet Group in a report on Monday. They issued a "neutral" rating and a $83.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Circle Internet Group has an average rating of "Hold" and an average target price of $189.78.

Circle Internet Group Stock Up 2.4%

CRCL stock traded up $4.36 during midday trading on Monday, reaching $185.65. The company had a trading volume of 23,950,349 shares, compared to its average volume of 47,322,582. The company has a market cap of $41.31 billion and a PE ratio of -14,671.25. Circle Internet Group has a 1-year low of $64.00 and a 1-year high of $298.99.

Insider Activity at Circle Internet Group

In other news, CFO Jeremy Fox-Geen sold 200,000 shares of Circle Internet Group stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $5,860,000.00. Following the completion of the sale, the chief financial officer owned 320,371 shares in the company, valued at $9,386,870.30. The trade was a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rajeev V. Date sold 50,000 shares of Circle Internet Group stock in a transaction on 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 directly owned 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 disclosure for this sale can be found here. Insiders have sold 6,682,884 shares of company stock worth $195,808,501 over the last quarter.

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.