Circle Internet Group (NYSE:CRCL) Given New $90.00 Price Target at Deutsche Bank Aktiengesellschaft

Circle Internet Group (NYSE:CRCL) had its price objective cut by Deutsche Bank Aktiengesellschaft from $147.00 to $90.00 in a research report released on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms also recently commented on CRCL. Oppenheimer started coverage on shares of Circle Internet Group in a research report on Friday, September 12th. They issued a “market perform” rating on the stock. Compass Point downgraded shares of Circle Internet Group from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $205.00 to $130.00 in a research note on Monday, July 21st. Wells Fargo & Company assumed coverage on Circle Internet Group in a report on Tuesday, October 21st. They set an “overweight” rating and a $160.00 price objective on the stock. Citigroup assumed coverage on Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating on the stock. Finally, Mizuho set a $85.00 price objective on Circle Internet Group in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Circle Internet Group presently has a consensus rating of “Hold” and a consensus price target of $150.53.

Circle Internet Group Stock Down 0.6%

NYSE:CRCL traded down $0.53 during mid-day trading on Thursday, hitting $81.82. The stock had a trading volume of 37,476,475 shares, compared to its average volume of 18,807,225. Circle Internet Group has a twelve month low of $64.00 and a twelve month high of $298.99. The firm’s 50-day simple moving average is $127.45.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The company’s quarterly revenue was up 65.9% compared to the same quarter last year.

Insider Activity

In related news, Director Patrick Sean Neville sold 260,374 shares of Circle Internet Group stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $33,088,327.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tamara L. Schulz sold 836 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $106,238.88. Following the transaction, the chief accounting officer owned 93,609 shares of the company’s stock, valued at approximately $11,895,831.72. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 831,014 shares of company stock valued at $105,416,046.

Institutional Trading of Circle Internet Group

A number of institutional investors have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group in the third quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC acquired a new position in Circle Internet Group during the third quarter worth about $32,000. Montag A & Associates Inc. acquired a new position in Circle Internet Group during the third quarter worth about $33,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Circle Internet Group in the second quarter valued at about $34,000.

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.