Circle Internet Group (NYSE:CRCL) Price Target Lowered to $70.00 at Mizuho

Circle Internet Group (NYSE:CRCL) had its price objective lowered by Mizuho from $84.00 to $70.00 in a report released on Friday morning, MarketBeat.com reports. Mizuho currently has an underperform rating on the stock.

A number of other equities research analysts also recently weighed in on CRCL. Redburn Partners set a $136.00 price target on shares of Circle Internet Group in a report on Friday, October 3rd. Compass Point downgraded shares of Circle Internet Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $205.00 to $130.00 in a report on Monday, July 21st. Monness Crespi & Hardt initiated coverage on shares of Circle Internet Group in a research note on Monday, November 10th. They set a “buy” rating and a $150.00 target price for the company. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, October 8th. Finally, Rothschild Redb raised Circle Internet Group to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $150.53.

Circle Internet Group Stock Performance

NYSE CRCL traded down $0.53 on Friday, reaching $81.82. 37,480,259 shares of the stock traded hands, compared to its average volume of 12,792,506. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99. The stock’s fifty day moving average price is $126.80.

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

Insiders Place Their Bets

In related news, CAO Tamara L. Schulz sold 836 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $106,238.88. Following the completion of the transaction, the chief accounting officer owned 93,609 shares of the company’s stock, valued at approximately $11,895,831.72. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rajeev V. Date sold 33,400 shares of Circle Internet Group 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 831,014 shares of company stock worth $105,416,046 in the last quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ARK Investment Management LLC purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth about $530,165,000. Huntleigh Advisors Inc. acquired a new position in Circle Internet Group in the second quarter worth approximately $470,000. Covenant Asset Management LLC bought a new position in Circle Internet Group during the second quarter valued at approximately $363,000. Yong Rong HK Asset Management Ltd bought a new position in Circle Internet Group during the second quarter valued at approximately $19,942,000. Finally, Acorn Financial Advisory Services Inc. ADV acquired a new stake in Circle Internet Group in the second quarter valued at approximately $703,000.

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.