Circle Internet Group (NYSE:CRCL) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of Circle Internet Group (NYSE:CRCL) in a report issued on Monday, MarketBeat reports. The firm issued an overweight rating and a $215.00 price target on the stock.

A number of other equities analysts have also issued reports on CRCL. Canaccord Genuity Group assumed coverage on shares of Circle Internet Group in a research report on Monday. They issued a “buy” rating and a $247.00 target price for the company. Oppenheimer initiated coverage on shares of Circle Internet Group in a report on Monday. They issued a “market perform” rating for the company. Compass Point began coverage on shares of Circle Internet Group in a research note on Tuesday, June 24th. They set a “neutral” rating and a $205.00 price objective on the stock. Sanford C. Bernstein assumed coverage on Circle Internet Group in a report on Monday. They set an “outperform” rating and a $230.00 target price on the stock. Finally, Wall Street Zen lowered Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and an average price target of $189.78.

Circle Internet Group Trading Down 7.4%

Shares of CRCL opened at $178.23 on Monday. Circle Internet Group has a one year low of $64.00 and a one year high of $298.99. The firm has a market cap of $39.66 billion and a PE ratio of -14,084.87.

Insider Activity

In other news, insider Nikhil Chandhok sold 300,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $8,790,000.00. Following the completion of the sale, the insider owned 605,580 shares in the company, valued at approximately $17,743,494. This represents a 33.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Fox-Geen sold 200,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $5,860,000.00. Following the sale, the chief financial officer directly owned 320,371 shares of the company’s stock, valued at approximately $9,386,870.30. This represents a 38.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock valued at $195,808,501 in the last ninety days.

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.