Circle Internet Group (NYSE:CRCL) Given a $185.00 Price Target at Robert W. Baird

Circle Internet Group (NYSE:CRCLGet Free Report) received a $185.00 price objective from equities research analysts at Robert W. Baird in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 32.62% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC assumed coverage on shares of Circle Internet Group in a research note on Wednesday, July 16th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “underweight” rating and a $80.00 price target on the stock. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Canaccord Genuity Group assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued a “buy” rating and a $247.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued a “buy” rating and a $243.00 target price on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Circle Internet Group has a consensus rating of “Hold” and an average price target of $173.00.

Check Out Our Latest Stock Report on CRCL

Circle Internet Group Trading Down 8.9%

Circle Internet Group stock opened at $139.50 on Wednesday. The stock has a market capitalization of $31.04 billion and a P/E ratio of -11,024.18. The company’s fifty day simple moving average is $183.99. Circle Internet Group has a 52-week low of $64.00 and a 52-week high of $298.99.

Insider Activity

In related news, insider Nikhil Chandhok sold 300,000 shares of the 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 transaction, the insider owned 605,580 shares of the company’s stock, valued at $17,743,494. This represents a 33.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Allaire sold 1,582,160 shares of Circle Internet Group stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $46,357,288.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,682,884 shares of company stock valued at $195,808,501.

Institutional Investors Weigh In On Circle Internet Group

A number of institutional investors and hedge funds have recently bought and sold shares of CRCL. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $27,000. North Star Investment Management Corp. bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $34,000. Hennessy Advisors Inc. bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $36,000. Allworth Financial LP bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $37,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $40,000.

Circle Internet Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Circle Internet Group (NYSE:CRCL)

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