Robert W. Baird Analysts Give Circle Internet Group (NYSE:CRCL) a $185.00 Price Target

Robert W. Baird set a $185.00 price target on Circle Internet Group (NYSE:CRCL) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

Several other research firms have also issued reports on CRCL. Mizuho set a $85.00 price objective on Circle Internet Group in a research note on Tuesday. Sanford C. Bernstein started coverage on Circle Internet Group in a research note on Monday, June 30th. They issued an “outperform” rating and a $230.00 price objective for the company. Seaport Res Ptn raised Circle Internet Group to a “strong-buy” rating in a research note on Friday, June 20th. JPMorgan Chase & Co. assumed coverage on Circle Internet Group in a research note on Monday, June 30th. They issued an “underweight” rating and a $80.00 price objective for the company. Finally, Canaccord Genuity Group assumed coverage on Circle Internet Group in a report on Monday, June 30th. They issued a “buy” rating and a $247.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Circle Internet Group has a consensus rating of “Hold” and an average target price of $173.00.

Circle Internet Group Stock Up 7.3%

NYSE:CRCL opened at $149.38 on Wednesday. The stock has a market capitalization of $33.24 billion and a P/E ratio of -11,804.96. Circle Internet Group has a 12 month low of $64.00 and a 12 month high of $298.99. The stock has a 50-day moving average price of $183.28.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, CEO Jeremy Allaire sold 1,582,160 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick Sean Neville sold 1,000,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $29,300,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,682,884 shares of company stock worth $195,808,501.

Institutional Trading of Circle Internet Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group during the 2nd quarter valued at $27,000. North Star Investment Management Corp. acquired a new stake in shares of Circle Internet Group in the 2nd quarter worth $34,000. Hennessy Advisors Inc. acquired a new stake in shares of Circle Internet Group in the 2nd quarter worth $36,000. Allworth Financial LP acquired a new stake in shares of Circle Internet Group in the 2nd quarter worth $37,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Circle Internet Group in the 2nd quarter worth $40,000.

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.