Barclays Initiates Coverage on Circle Internet Group (NYSE:CRCL)

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

CRCL has been the topic of a number of other reports. Oppenheimer started coverage on shares of Circle Internet Group in a research note on Monday. They issued a “market perform” rating on the stock. Seaport Res Ptn upgraded Circle Internet Group to a “strong-buy” rating in a research note on Friday, June 20th. Needham & Company LLC assumed coverage on Circle Internet Group in a research note on Monday. They set a “buy” rating and a $250.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Circle Internet Group in a report on Monday. They issued a “buy” rating and a $247.00 price target for the company. Finally, Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $189.78.

Circle Internet Group Stock Down 0.6%

NYSE:CRCL opened at $179.26 on Monday. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99.

Insider Buying and Selling at Circle Internet Group

In related news, Director Patrick Sean Neville sold 1,000,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were 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 SEC, which is available at this hyperlink. Also, CEO Jeremy Allaire sold 1,582,160 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $46,357,288.00. The disclosure for this sale can be found here. Insiders sold 6,682,884 shares of company stock worth $195,808,501 in the last 90 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.