Circle Internet Group (NYSE:CRCL) Stock Rating Upgraded by Mizuho

Key Points

• Mizuho upgraded Circle Internet Group (CRCL) from "strong sell" to "hold" and raised its price target to $77 (from $70), implying roughly a 5.3% upside from the prior close.
• Strong quarterly results: Circle reported EPS of $0.64 versus $0.20 expected and revenue of $739.8 million, a 65.9% year‑over‑year increase.
• Significant insider selling: Directors and other insiders sold about 722,089 shares (≈$58.5 million) over the last three months, including large sales by Patrick Sean Neville and Rajeev V. Date.

Circle Internet Group (NYSE:CRCL - Get Free Report) was upgraded by equities researchers at Mizuho from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm currently has a $77.00 price target on the stock, up from their prior price target of $70.00. Mizuho's target price points to a potential upside of 5.29% from the stock's previous close.

Several other analysts have also commented on the stock. JMP Securities started coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They issued a "market perform" rating on the stock. HC Wainwright started coverage on Circle Internet Group in a research note on Friday, December 19th. They issued a "neutral" rating and a $85.00 target price on the stock. Rothschild Redb raised Circle Internet Group to a "hold" rating in a research report on Friday, October 3rd. Citigroup started coverage on Circle Internet Group in a research report on Tuesday, September 30th. They issued a "market perform" rating on the stock. Finally, Redburn Partners set a $136.00 price objective on Circle Internet Group in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $139.71.

Circle Internet Group Stock Performance

Circle Internet Group stock opened at $73.13 on Wednesday. Circle Internet Group has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The firm has a market capitalization of $17.22 billion and a price-to-earnings ratio of -31.93. The stock's fifty day moving average is $79.54 and its two-hundred day moving average is $119.09.

Circle Internet Group (NYSE:CRCL - Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.44. The firm had revenue of $739.76 million for the quarter. Circle Internet Group's quarterly revenue was up 65.9% on a year-over-year basis.

Insiders Place Their Bets

In other Circle Internet Group news, Director Patrick Sean Neville sold 33,569 shares of the firm's stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $85.05, for a total value of $2,855,043.45. Following the sale, the director directly owned 33,568 shares of the company's stock, valued at approximately $2,854,958.40. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rajeev V. Date sold 190,867 shares of the company's stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $83.58, for a total transaction of $15,952,663.86. Following the transaction, the director directly owned 127,247 shares of the company's stock, valued at approximately $10,635,304.26. This represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 722,089 shares of company stock valued at $58,540,227.

Institutional Investors Weigh In On Circle Internet Group

A number of institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in Circle Internet Group by 102.5% during the 4th quarter. Rakuten Securities Inc. now owns 38,042 shares of the company's stock worth $3,017,000 after purchasing an additional 19,255 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Circle Internet Group during the 4th quarter valued at $928,000. Franchise GP Ltd purchased a new stake in Circle Internet Group during the 4th quarter worth $69,000. CFM Wealth Partners LLC lifted its stake in shares of Circle Internet Group by 82.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,498 shares of the company's stock worth $1,070,000 after purchasing an additional 6,083 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Circle Internet Group by 2,246.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,012 shares of the company's stock worth $715,000 after buying an additional 8,628 shares during the period.

About Circle Internet Group

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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