Circle Internet Group (NYSE:CRCL) Upgraded at Rothschild Redb

Circle Internet Group (NYSE:CRCL - Get Free Report) was upgraded by stock analysts at Rothschild Redb to a "hold" rating in a note issued to investors on Friday,Zacks.com reports.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft dropped their target price on Circle Internet Group from $163.00 to $123.00 and set a "hold" rating on the stock in a research report on Wednesday, August 20th. Redburn Partners set a $136.00 price objective on Circle Internet Group in a research note on Friday. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a research report on Friday, June 20th. Wall Street Zen cut Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Citizens Jmp assumed coverage on shares of Circle Internet Group in a research report on Tuesday. They set a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $165.54.

Circle Internet Group Price Performance

Circle Internet Group stock opened at $145.81 on Friday. 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 $33.45 billion and a P/E ratio of -11,522.92. The business's fifty day moving average price is $140.53.

Insider Buying and Selling

In other news, CFO Jeremy Fox-Geen sold 33,608 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $121.45, for a total value of $4,081,691.60. Following the completion of the sale, the chief financial officer directly owned 297,823 shares in the company, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rajeev V. Date sold 33,400 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $4,244,472.00. Following the sale, the director directly owned 248,663 shares in the company, valued at approximately $31,600,094.04. This represents a 11.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,014 shares of company stock worth $105,416,046.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group during the 2nd quarter valued at about $27,000. North Star Investment Management Corp. acquired a new position in Circle Internet Group in the second quarter valued at approximately $34,000. Hennessy Advisors Inc. bought a new position in shares of Circle Internet Group during the second quarter valued at approximately $36,000. Allworth Financial LP bought a new position in shares of Circle Internet Group during the second quarter valued at approximately $37,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Circle Internet Group during the 2nd quarter worth approximately $40,000.

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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