Circle Internet Group (NYSE:CRCL) Price Target Lowered to $110.00 at Robert W. Baird

Circle Internet Group (NYSE:CRCL) had its price objective decreased by Robert W. Baird from $144.00 to $110.00 in a report published on Thursday morning, MarketBeat reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other analysts also recently commented on the company. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday. Monness Crespi & Hardt assumed coverage on Circle Internet Group in a report on Monday. They issued a “buy” rating and a $150.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Circle Internet Group in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $160.00 price target on the stock. Oppenheimer started coverage on shares of Circle Internet Group in a report on Friday, September 12th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Circle Internet Group in a report on Monday, September 8th. One equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Circle Internet Group presently has a consensus rating of “Hold” and a consensus price target of $150.53.

Circle Internet Group Price Performance

CRCL traded down $0.53 during midday trading on Thursday, hitting $81.82. The company’s stock had a trading volume of 37,436,544 shares, compared to its average volume of 18,806,643. Circle Internet Group has a 52-week low of $64.00 and a 52-week high of $298.99. The firm has a 50-day simple moving average of $127.45.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million for the quarter. The business’s revenue for the quarter was up 65.9% on a year-over-year basis.

Insider Activity

In other Circle Internet Group news, insider Nikhil Chandhok sold 50,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $6,354,000.00. Following the sale, the insider owned 530,803 shares of the company’s stock, valued at approximately $67,454,445.24. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick Sean Neville sold 260,374 shares of Circle Internet Group stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $33,088,327.92. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 831,014 shares of company stock valued at $105,416,046.

Institutional Investors Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Circle Internet Group by 341.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,904 shares of the company’s stock worth $518,000 after purchasing an additional 3,020 shares in the last quarter. Keebeck Wealth Management purchased a new position in Circle Internet Group in the third quarter worth $398,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Circle Internet Group by 2,832.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,965 shares of the company’s stock worth $2,780,000 after acquiring an additional 20,250 shares during the last quarter. Vident Advisory LLC purchased a new position in Circle Internet Group in the 3rd quarter worth approximately $1,636,000. Finally, Dnca Finance boosted its holdings in shares of Circle Internet Group by 73.3% during the third quarter. Dnca Finance now owns 26,000 shares of the company’s stock worth $3,447,000 after purchasing an additional 11,000 shares during the period.

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.