Circle Internet Group (NYSE:CRCL) Upgraded to Hold at Baird R W

Circle Internet Group (NYSE:CRCL - Get Free Report) was upgraded by stock analysts at Baird R W to a "hold" rating in a report released on Friday,Zacks.com reports.

CRCL has been the topic of a number of other reports. Compass Point assumed coverage on Circle Internet Group in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $205.00 price objective on the stock. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a research report on Friday, June 20th. Wall Street Zen downgraded Circle Internet Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Robert W. Baird initiated coverage on Circle Internet Group in a research report on Friday. They issued a "neutral" rating and a $210.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Circle Internet Group in a research report on Monday, June 30th. They issued a "neutral" rating and a $83.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Circle Internet Group has a consensus rating of "Hold" and a consensus target price of $182.09.

Circle Internet Group Stock Performance

Shares of CRCL stock traded down $16.15 during trading on Friday, reaching $186.75. The company had a trading volume of 18,163,958 shares, compared to its average volume of 38,045,640. Circle Internet Group has a one year low of $64.00 and a one year high of $298.99. The company has a market capitalization of $41.56 billion and a price-to-earnings ratio of -14,758.18.

Insider Buying and Selling at Circle Internet Group

In other news, insider Nikhil Chandhok sold 300,000 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 $8,790,000.00. Following the sale, the insider directly owned 605,580 shares in the company, valued at approximately $17,743,494. The trade was a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $29.30, for a total value of $29,300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock valued at $195,808,501 in the last quarter.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently modified their holdings of the company. Westbourne Investments Inc. bought a new stake in shares of Circle Internet Group during the second quarter valued at approximately $204,000. Brand Asset Management Group Inc. acquired a new stake in Circle Internet Group in the 2nd quarter valued at $272,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $673,000. Baader Bank Aktiengesellschaft acquired a new stake in Circle Internet Group in the 2nd quarter valued at $1,083,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $18,397,000.

About Circle Internet Group

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.