Circle Internet Group (NYSE:CRCL) Stock Rating Upgraded by Freedom Capital

Circle Internet Group (NYSE:CRCL) was upgraded by stock analysts at Freedom Capital to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on CRCL. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a report on Monday. Zacks Research upgraded shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Mizuho increased their target price on shares of Circle Internet Group from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, March 13th. Finally, Sanford C. Bernstein set a $190.00 target price on shares of Circle Internet Group in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $127.24.

Circle Internet Group Stock Performance

Shares of CRCL stock opened at $104.45 on Tuesday. The stock’s 50-day moving average is $95.79 and its two-hundred day moving average is $92.91. The firm has a market cap of $25.78 billion and a price-to-earnings ratio of -56.16. Circle Internet Group has a 1 year low of $49.90 and a 1 year high of $298.99.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $770.23 million for the quarter. The business’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, research analysts predict that Circle Internet Group will post 0.84 EPS for the current year.

Insider Buying and Selling at Circle Internet Group

In other news, President Heath Tarbert sold 15,000 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $95.04, for a total transaction of $1,425,600.00. Following the completion of the sale, the president owned 561,168 shares in the company, valued at approximately $53,333,406.72. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tamara L. Schulz sold 1,194 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $87.58, for a total transaction of $104,570.52. Following the completion of the sale, the chief accounting officer owned 93,053 shares of the company’s stock, valued at approximately $8,149,581.74. The trade was a 1.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 545,874 shares of company stock valued at $52,991,625. Corporate insiders own 10.85% of the company’s stock.

Institutional Investors Weigh In On Circle Internet Group

Institutional investors have recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Circle Internet Group in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter valued at approximately $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group in the 4th quarter valued at approximately $29,000.

About Circle Internet Group

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.