Circle Internet Group (NYSE:CRCL) Rating Lowered to Sell at Wall Street Zen

Circle Internet Group (NYSE:CRCL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

CRCL has been the subject of a number of other reports. Rothschild Redb upgraded shares of Circle Internet Group to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, November 12th. Finally, Redburn Partners set a $136.00 target price on Circle Internet Group in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.69.

Circle Internet Group Trading Down 5.8%

Shares of CRCL opened at $83.40 on Friday. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99. The firm has a 50 day simple moving average of $105.72.

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

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 shares were sold at an average price of $84.69, for a total value of $225,444.78. Following the transaction, the director directly owned 26,290 shares of the company’s stock, valued at $2,226,500.10. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nikhil Chandhok sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $77.08, for a total value of $7,708,000.00. Following the transaction, the insider owned 493,639 shares in the company, valued at approximately $38,049,694.12. This represents a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 618,847 shares of company stock worth $49,268,665 in the last quarter.

Institutional Trading of Circle Internet Group

Several large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL raised its holdings in shares of Circle Internet Group by 833.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 560 shares of the company’s stock worth $74,000 after acquiring an additional 500 shares during the period. IFP Advisors Inc grew its holdings in shares of Circle Internet Group by 2,565.3% in the third quarter. IFP Advisors Inc now owns 3,225 shares of the company’s stock valued at $428,000 after purchasing an additional 3,104 shares during the period. WJ Wealth Management LLC purchased a new position in Circle Internet Group during the third quarter worth about $289,000. Tcfg Wealth Management LLC purchased a new position in Circle Internet Group during the third quarter worth about $323,000. Finally, Sunbelt Securities Inc. acquired a new position in Circle Internet Group in the 3rd quarter valued at about $51,000.

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.