Circle Internet Group (NYSE:CRCL) Sets New 1-Year Low - Here's Why

Key Points

• Shares of Circle Internet Group hit a new 52-week low of $63.02, trading well below its 50-day ($79.56) and 200-day ($118.73) moving averages and carrying a market cap of $14.66 billion with a negative P/E (-27.40).
• Analysts hold a consensus Hold rating with an average price target of $136.47—well above the current price—but outlooks are mixed (1 Strong Buy, 8 Buy, 11 Hold, 2 Sell) and price targets range up to $190.
• Insiders have sold heavily (722,089 shares worth $58.54M in the past 90 days, including CEO and President sales), even as the company recently beat EPS estimates ($0.64 vs. $0.20) and reported revenue up 65.9% year‑over‑year.

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $63.02 and last traded at $63.2290, with a volume of 7020168 shares traded. The stock had previously closed at $67.55.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein set a $190.00 price objective on Circle Internet Group in a research report on Tuesday, January 6th. Rothschild & Co Redburn began coverage on shares of Circle Internet Group in a research report on Friday, October 3rd. They set a "neutral" rating and a $136.00 price target on the stock. Redburn Partners set a $136.00 price target on shares of Circle Internet Group in a research note on Friday, October 3rd. Wall Street Zen downgraded Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $136.47.

Circle Internet Group Price Performance

The stock has a 50-day moving average price of $79.56 and a 200-day moving average price of $118.73. The company has a market capitalization of $14.66 billion and a P/E ratio of -27.40.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million during the quarter. The firm's revenue was up 65.9% compared to the same quarter last year.

Insider Activity at Circle Internet Group

In other news, President Heath Tarbert sold 3,048 shares of the business's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $90.02, for a total transaction of $274,380.96. Following the completion of the transaction, the president directly owned 579,302 shares in the company, valued at $52,148,766.04. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy Allaire sold 7,055 shares of the company's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.07, for a total value of $635,443.85. Following the completion of the transaction, the chief executive officer owned 70,517 shares of the company's stock, valued at $6,351,466.19. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 722,089 shares of company stock worth $58,540,227 in the last 90 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Circle Internet Group in the 4th quarter worth about $25,000. Larson Financial Group LLC raised its position in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group during the third quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter worth approximately $27,000. Finally, Bellevue Asset Management LLC bought a new stake in shares of Circle Internet Group during the 4th quarter valued at $29,000.

Circle Internet Group Company Profile

Circle Internet Group NYSE: CRCL is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USD Coin (USDC), a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company's strategy and public engagement around digital currency and payments innovation.

Circle's core products and services center on digital currency issuance and programmable payments.

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