Circle Internet Group (NYSE:CRCL) Cut to Sell at Compass Point

Compass Point lowered shares of Circle Internet Group (NYSE:CRCL) from a neutral rating to a sell rating in a research note issued to investors on Wednesday, Marketbeat.com reports. Compass Point currently has $77.00 price objective on the stock, down from their previous price objective of $79.00.

Several other analysts have also issued reports on the stock. 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. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. William Blair restated an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Mizuho raised their target price on shares of Circle Internet Group from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and a consensus target price of $126.41.

Circle Internet Group Stock Performance

NYSE:CRCL opened at $88.01 on Wednesday. The stock’s 50-day simple moving average is $88.31 and its 200 day simple moving average is $94.87. The company has a market cap of $21.72 billion and a P/E ratio of -47.31. Circle Internet Group has a 52-week low of $49.90 and a 52-week high of $298.99.

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

Insiders Place Their Bets

In related news, Director M Michele Burns sold 80,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.88, for a total transaction of $7,590,400.00. Following the transaction, the director directly owned 305,230 shares of the company’s stock, valued at approximately $28,960,222.40. This trade represents a 20.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Sean Neville sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 530,874 shares of company stock valued at $51,566,025 in the last three months.

Hedge Funds Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. J. Derek Lewis & Associates Inc. bought a new position in shares of Circle Internet Group in the fourth quarter worth $1,477,000. Rockefeller Capital Management L.P. grew its stake in Circle Internet Group by 17.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 255,222 shares of the company’s stock worth $20,239,000 after buying an additional 38,567 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Circle Internet Group by 4,329.6% in the 4th quarter. Hsbc Holdings PLC now owns 168,104 shares of the company’s stock valued at $13,433,000 after buying an additional 164,309 shares during the period. Sit Investment Associates Inc. raised its position in shares of Circle Internet Group by 93.6% in the 4th quarter. Sit Investment Associates Inc. now owns 9,100 shares of the company’s stock valued at $722,000 after buying an additional 4,400 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Circle Internet Group in the 4th quarter valued at approximately $2,159,000.

Key Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Institutional interest: the Jacob Internet Fund publicly signaled a bet on Circle’s USDC circulation and transaction volumes, reinforcing investor confidence in token demand and potential revenue upside from higher float and settlement activity. Read More.
• Positive Sentiment: On‑chain demand spike: reports of heavy USDC minting (e.g., ~$1B minted within 24 hours) suggest strong transaction activity and could boost settlement volumes and product traction if sustained. This supports revenue drivers outside pure interest income. Read More.
• Neutral Sentiment: Product rollout awareness: Circle’s new managed payments/stablecoin settlement offerings broaden addressable market (banks, payment providers) but require customer adoption and integration before materially moving revenue. Media coverage raises visibility but not immediate cashflow proof. Read More.
• Negative Sentiment: Analyst downgrade and margin concerns: Compass Point cut CRCL to “sell” (PT ~$77) citing a potential margin squeeze in the core USDC business, and other brokers pared targets — these calls triggered a ~7% intraday decline as investors re‑price interest‑dependent revenue risk. Read More.
• Negative Sentiment: Insider sales: directors (including Rajeev Date and M. Michele Burns) executed Rule 10b5‑1 sales totaling small percentages of their holdings. Even pre‑arranged plan sales can be perceived negatively and add selling pressure amidst analyst pessimism. Read More.

Circle Internet Group Company Profile

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.