Analysts Set Circle Internet Group, Inc. (NYSE:CRCL) PT at $205.00

Circle Internet Group, Inc. (NYSE:CRCL) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $189.78.

A number of research firms have recently commented on CRCL. Needham & Company LLC began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set a “buy” rating and a $250.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set a “neutral” rating and a $83.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set a “buy” rating and a $247.00 price objective for the company. Wall Street Zen cut Circle Internet Group from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Seaport Res Ptn upgraded Circle Internet Group to a “strong-buy” rating in a report on Friday, June 20th.

Circle Internet Group Price Performance

NYSE CRCL opened at $188.77 on Monday. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99. The stock has a market cap of $42.01 billion and a PE ratio of -14,917.81.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $29,300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikhil Chandhok sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $8,790,000.00. Following the completion of the transaction, the insider owned 605,580 shares of the company’s stock, valued at approximately $17,743,494. This represents a 33.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,682,884 shares of company stock worth $195,808,501.

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.