Deutsche Bank Aktiengesellschaft Cuts Circle Internet Group (NYSE:CRCL) Price Target to $90.00

Circle Internet Group (NYSE:CRCL) had its target price decreased by Deutsche Bank Aktiengesellschaft from $147.00 to $90.00 in a research report report published on Thursday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on CRCL. Rothschild & Co Redburn initiated coverage on shares of Circle Internet Group in a research report on Friday, October 3rd. They issued a “neutral” rating and a $136.00 price target on the stock. Redburn Partners set a $136.00 target price on shares of Circle Internet Group in a research note on Friday, October 3rd. Citizens Jmp started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They issued a “market perform” rating on the stock. The Goldman Sachs Group started coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They set a “neutral” rating and a $83.00 target price on the stock. Finally, Oppenheimer initiated coverage on Circle Internet Group in a research report on Friday, September 12th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $150.53.

Circle Internet Group Trading Down 0.6%

Shares of CRCL stock opened at $81.82 on Thursday. The firm’s fifty day simple moving average is $126.80. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. The business’s quarterly revenue was up 65.9% compared to the same quarter last year.

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 shares were sold at an average price of $121.45, for a total value of $4,081,691.60. Following the sale, the chief financial officer directly owned 297,823 shares of the company’s stock, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tamara L. Schulz sold 836 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $106,238.88. Following the sale, the chief accounting officer directly owned 93,609 shares in the company, valued at $11,895,831.72. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 831,014 shares of company stock valued at $105,416,046.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Circle Internet Group in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group in the second quarter valued at $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Circle Internet Group during the 3rd quarter worth $32,000. Montag A & Associates Inc. acquired a new position in Circle Internet Group during the third quarter valued at approximately $33,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Circle Internet Group in the second quarter valued at about $34,000.

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.