Circle Internet Group, Inc. (CRCL) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Twenty-four analysts give Circle Internet Group an average “Hold” rating, with ten buys, nine holds, four sells, and one strong buy. The average 12-month price target is $97.82.
• Insiders have been selling: Directors recently sold 70,000 shares, while insiders sold 485,657 shares worth approximately $39.2 million over the last quarter. Insiders retain an 10.85% ownership stake.
• Shares face valuation and earnings pressure: CRCL opened at $82.23 after a 5.5% decline, while its latest EPS of $0.18 missed the $0.26 consensus estimate. The company reported $701.32 million in quarterly revenue, up 6.6% year over year.

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-four analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $97.82.

CRCL has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on Circle Internet Group from $138.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. HC Wainwright reduced their price target on shares of Circle Internet Group from $115.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. TD Cowen increased their price target on shares of Circle Internet Group from $87.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of Circle Internet Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group reaffirmed an "underperform" rating on shares of Circle Internet Group in a research report on Wednesday, September 9th.

Insider Transactions at Circle Internet Group

In other news, Director Patrick Neville sold 50,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $59.55, for a total transaction of $2,977,500.00. Following the completion of the transaction, the director directly owned 2,018 shares of the company's stock, valued at $120,171.90. This represents a 96.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Danita Ostling sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $61.65, for a total transaction of $1,233,000.00. Following the transaction, the director directly owned 4,608 shares of the company's stock, valued at $284,083.20. This represents a 81.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 485,657 shares of company stock valued at $39,207,306. Corporate insiders own 10.85% of the company's stock.

Hedge Funds Weigh In On Circle Internet Group

Several institutional investors have recently bought and sold shares of CRCL. WPG Advisers LLC bought a new position in Circle Internet Group during the first quarter valued at $31,000. First Horizon Corp bought a new stake in shares of Circle Internet Group in the first quarter valued at $35,000. Abound Financial LLC bought a new stake in shares of Circle Internet Group in the first quarter valued at $38,000. Global Assets Advisory LLC bought a new stake in shares of Circle Internet Group in the first quarter valued at $43,000. Finally, Western Wealth Management LLC purchased a new position in shares of Circle Internet Group during the 1st quarter valued at $57,000.

Circle Internet Group Trading Down 5.5%

Shares of Circle Internet Group stock opened at $82.23 on Friday. The business's fifty day simple moving average is $86.15 and its 200 day simple moving average is $86.61. Circle Internet Group has a 12 month low of $49.90 and a 12 month high of $147.44. The firm has a market capitalization of $20.88 billion, a P/E ratio of 56.32 and a beta of 0.73.

Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08). Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business had revenue of $701.32 million during the quarter. During the same period in the previous year, the business earned ($4.48) EPS. Circle Internet Group's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Circle Internet Group will post 1.10 EPS for the current fiscal year.

Circle Internet Group Company Profile

Circle Internet Group, Inc is a global financial technology company that develops infrastructure for digital currencies and blockchain-based payments. Its primary product is USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a stable value and support digital transactions, payments and transfers across blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.

The company provides institutional and developer-focused services through Circle Mint, which enables eligible businesses to create, redeem and manage USDC and access related payment and treasury tools.

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