Leonteq Securities AG Invests $6.91 Million in Circle Internet Group, Inc. $CRCL

Leonteq Securities AG purchased a new position in Circle Internet Group, Inc. (NYSE:CRCL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 87,163 shares of the company’s stock, valued at approximately $6,912,000.

A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the 2nd quarter worth about $27,000. PNC Financial Services Group Inc. lifted its position in shares of Circle Internet Group by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock worth $154,000 after buying an additional 151 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Circle Internet Group in the 3rd quarter worth about $27,000. Finally, Montag A & Associates Inc. bought a new position in shares of Circle Internet Group in the 3rd quarter worth about $33,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. HC Wainwright upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $150.00 in a research report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $101.00 price objective on shares of Circle Internet Group in a research report on Tuesday, May 12th. Finally, Needham & Company LLC lifted their price objective on shares of Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Circle Internet Group currently has a consensus rating of “Hold” and a consensus target price of $137.12.

Circle Internet Group Trading Up 0.4%

Circle Internet Group stock opened at $111.48 on Thursday. The stock has a market cap of $27.52 billion and a price-to-earnings ratio of -34.84. The company’s 50-day moving average price is $107.17 and its two-hundred day moving average price is $89.39. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $694.13 million for the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The business’s revenue was up 20.0% on a year-over-year basis. Research analysts expect that Circle Internet Group, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other Circle Internet Group news, Director M Michele Burns sold 80,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.88, for a total transaction of $7,590,400.00. Following the transaction, the director owned 305,230 shares of the company’s stock, valued at approximately $28,960,222.40. This trade represents a 20.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick Sean Neville sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. The SEC filing for this sale provides additional information. Insiders have sold 618,664 shares of company stock worth $60,410,221 in the last 90 days. 10.85% of the stock is currently owned by corporate insiders.

Circle Internet Group Company Profile

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.