Circle Internet Group (NYSE:CRCL) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Circle Internet Group (NYSE:CRCL) in a research note published on Monday, Marketbeat reports. The firm issued a neutral rating and a $83.00 price objective on the stock.

A number of other brokerages have also recently issued reports on CRCL. Wall Street Zen cut shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. began coverage on shares of Circle Internet Group in a research note on Monday. They issued an “underweight” rating and a $80.00 target price on the stock. Barclays started coverage on shares of Circle Internet Group in a research report on Monday. They issued an “overweight” rating and a $215.00 price target for the company. Sanford C. Bernstein started coverage on Circle Internet Group in a report on Monday. They set an “outperform” rating and a $230.00 price objective on the stock. Finally, Compass Point assumed coverage on Circle Internet Group in a report on Tuesday, June 24th. They issued a “neutral” rating and a $205.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $189.78.

Circle Internet Group Price Performance

Shares of CRCL stock opened at $178.23 on Monday. Circle Internet Group has a one year low of $64.00 and a one year high of $298.99. The firm has a market capitalization of $39.66 billion and a P/E ratio of -14,084.87.

Insiders Place Their Bets

In related news, CEO Jeremy Allaire sold 1,582,160 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $46,357,288.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $104,036,213.20. Following the sale, the insider directly owned 20,120,769 shares of the company’s stock, valued at $589,538,531.70. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,682,884 shares of company stock worth $195,808,501 over the last ninety 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.