Circle Internet Group (NYSE:CRCL) Now Covered by Analysts at JMP Securities

JMP Securities started coverage on shares of Circle Internet Group (NYSE:CRCL) in a research note published on Tuesday,Benzinga reports. The brokerage issued a market perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Seaport Res Ptn upgraded shares of Circle Internet Group to a “strong-buy” rating in a research note on Friday, June 20th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Circle Internet Group in a research note on Monday, September 8th. Barclays began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “overweight” rating and a $215.00 target price on the stock. Sanford C. Bernstein began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “outperform” rating and a $230.00 target price on the stock. Finally, Mizuho set a $85.00 target price on shares of Circle Internet Group in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and a consensus target price of $170.91.

Circle Internet Group Stock Down 0.8%

CRCL opened at $132.63 on Tuesday. The company has a market cap of $30.43 billion and a PE ratio of -10,481.43. The company’s 50-day moving average is $143.77. Circle Internet Group has a 52-week low of $64.00 and a 52-week high of $298.99.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 33,608 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $121.45, for a total transaction of $4,081,691.60. Following the sale, the chief financial officer owned 297,823 shares in the company, valued at approximately $36,170,603.35. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rajeev V. Date sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $4,244,472.00. Following the sale, the director owned 248,663 shares in the company, valued at approximately $31,600,094.04. The trade was a 11.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,014 shares of company stock worth $105,416,046 in the last 90 days.

Institutional Investors Weigh In On Circle Internet Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group during the 2nd quarter valued at approximately $27,000. North Star Investment Management Corp. purchased a new stake in Circle Internet Group during the 2nd quarter valued at approximately $34,000. Hennessy Advisors Inc. purchased a new stake in Circle Internet Group during the 2nd quarter valued at approximately $36,000. Allworth Financial LP purchased a new stake in Circle Internet Group during the 2nd quarter valued at approximately $37,000. Finally, Chilton Capital Management LLC purchased a new stake in Circle Internet Group during the 2nd quarter valued at approximately $40,000.

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.