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

Circle Internet Group (NYSE:CRCLGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

CRCL has been the topic of a number of other research reports. Needham & Company LLC dropped their price objective on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Circle Internet Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group increased their price target on shares of Circle Internet Group from $79.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Wells Fargo & Company dropped their price target on shares of Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Robert W. Baird upped their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $126.29.

Read Our Latest Report on CRCL

Circle Internet Group Stock Up 0.2%

Shares of CRCL stock opened at $132.55 on Tuesday. Circle Internet Group has a 52-week low of $49.90 and a 52-week high of $298.99. The stock has a market cap of $31.21 billion and a PE ratio of -71.26. The business has a 50-day simple moving average of $80.22 and a 200-day simple moving average of $97.92.

Circle Internet Group (NYSE:CRCLGet Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million for the quarter. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year.

Insider Activity

In related news, President Heath Tarbert sold 122,007 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $94.23, for a total value of $11,496,719.61. Following the completion of the sale, the president owned 599,156 shares of the company’s stock, valued at approximately $56,458,469.88. The trade was a 16.92% 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 23,254 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $89.62, for a total transaction of $2,084,023.48. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 493,056 shares of company stock worth $47,456,525.

Institutional Trading of Circle Internet Group

Several institutional investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Circle Internet Group during the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its stake in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the 2nd quarter worth about $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group during the 4th quarter worth approximately $29,000.

Trending Headlines about Circle Internet Group

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Circle Internet Group Company Profile

(Get Free Report)

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 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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Analyst Recommendations for Circle Internet Group (NYSE:CRCL)

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