Circle Internet Group (NYSE:CRCL) Trading Up 7.1% - Should You Buy?

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) were up 7.1% during trading on Monday . The stock traded as high as $205.60 and last traded at $202.18. Approximately 15,099,167 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 43,090,371 shares. The stock had previously closed at $188.77.

Wall Street Analysts Forecast Growth

CRCL has been the subject of a number of research reports. Canaccord Genuity Group assumed coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They set a "buy" rating and a $247.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set a "neutral" rating and a $83.00 target price for the company. Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a research report on Friday, June 20th. Needham & Company LLC initiated coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued a "buy" rating and a $250.00 price target on the stock. Finally, Compass Point began coverage on shares of Circle Internet Group in a report on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $189.78.

Circle Internet Group Trading Up 7.4%

The stock has a market cap of $45.12 billion and a P/E ratio of -16,022.60.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, CEO Jeremy Allaire sold 1,582,160 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $46,357,288.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick Sean Neville sold 1,000,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $29,300,000.00. The disclosure for this sale can be found here. Insiders sold 6,682,884 shares of company stock worth $195,808,501 over the last three months.

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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