Circle Internet Group (NYSE:CRCL) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Circle Internet Group (NYSE:CRCLFree Report) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $230.00 price target on the stock.

Several other research firms also recently issued reports on CRCL. JPMorgan Chase & Co. assumed coverage on Circle Internet Group in a report on Monday. They set an “underweight” rating and a $80.00 price objective on the stock. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a report on Friday. Canaccord Genuity Group initiated coverage on shares of Circle Internet Group in a research note on Monday. They set a “buy” rating and a $247.00 target price for the company. Oppenheimer assumed coverage on shares of Circle Internet Group in a research report on Monday. They issued a “market perform” rating on the stock. Finally, Seaport Res Ptn raised shares of Circle Internet Group to a “strong-buy” rating in a research report on Friday, June 20th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Circle Internet Group currently has a consensus rating of “Hold” and a consensus price target of $189.78.

View Our Latest Analysis on Circle Internet Group

Circle Internet Group Stock Down 0.6%

Shares of NYSE CRCL opened at $179.26 on Monday. Circle Internet Group has a 1 year low of $64.00 and a 1 year high of $298.99.

Insider Buying and Selling

In related news, insider Nikhil Chandhok sold 300,000 shares of Circle Internet Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $8,790,000.00. Following the sale, the insider directly owned 605,580 shares in the company, valued at $17,743,494. This trade represents a 33.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick Sean Neville sold 1,000,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $29,300,000.00. 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 three months.

About Circle Internet Group

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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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