Brokerages Set Circle Internet Group, Inc. (NYSE:CRCL) Price Target at $150.33

Circle Internet Group, Inc. (NYSE:CRCL) has earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $150.3333.

Several brokerages have issued reports on CRCL. Monness Crespi & Hardt initiated coverage on Circle Internet Group in a report on Monday, November 10th. They issued a “buy” rating and a $150.00 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, October 8th. Oppenheimer assumed coverage on Circle Internet Group in a research report on Friday, September 12th. They issued a “market perform” rating on the stock. Redburn Partners set a $136.00 target price on Circle Internet Group in a research note on Friday, October 3rd. Finally, Needham & Company LLC reduced their price target on Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, November 13th.

Circle Internet Group Trading Up 11.5%

Shares of CRCL opened at $80.98 on Thursday. Circle Internet Group has a 1 year low of $64.00 and a 1 year high of $298.99. The stock’s 50-day moving average is $115.66.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The firm’s quarterly revenue was up 65.9% on a year-over-year basis.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, Director Danita K. Ostling sold 2,662 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $84.69, for a total value of $225,444.78. Following the completion of the transaction, the director directly owned 26,290 shares in the company, valued at $2,226,500.10. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rajeev V. Date sold 190,867 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $83.58, for a total value of $15,952,663.86. Following the transaction, the director directly owned 127,247 shares in the company, valued at $10,635,304.26. This trade represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 551,455 shares of company stock worth $45,564,337.

Institutional Trading of Circle Internet Group

A number of hedge funds have recently made changes to their positions in the business. Brand Asset Management Group Inc. bought a new position in Circle Internet Group in the 2nd quarter valued at about $272,000. Westbourne Investments Inc. acquired a new position in shares of Circle Internet Group in the second quarter valued at about $204,000. Baader Bank Aktiengesellschaft bought a new position in Circle Internet Group during the second quarter worth about $1,083,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Circle Internet Group in the 2nd quarter worth about $673,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Circle Internet Group in the 2nd quarter worth about $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.