Mesirow Financial Investment Management Inc. Takes $868,000 Position in Circle Internet Group, Inc. $CRCL

Mesirow Financial Investment Management Inc. acquired a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,944 shares of the company’s stock, valued at approximately $868,000.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group during the second quarter valued at $27,000. PNC Financial Services Group Inc. grew its holdings in shares of Circle Internet Group by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock valued at $154,000 after buying an additional 151 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Circle Internet Group during the third quarter valued at $27,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Circle Internet Group during the third quarter valued at $33,000.

Analysts Set New Price Targets

CRCL has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Wells Fargo & Company boosted their target price on shares of Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Morgan Stanley set a $80.00 target price on shares of Circle Internet Group in a research report on Monday, April 20th. Mizuho boosted their target price on shares of Circle Internet Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Needham & Company LLC boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $131.76.

Insiders Place Their Bets

In other Circle Internet Group news, Director Rajeev V. Date sold 23,254 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $89.62, for a total value of $2,084,023.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Fox-Geen sold 47,908 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $4,311,720.00. Following the completion of the transaction, the chief financial officer owned 261,059 shares of the company’s stock, valued at approximately $23,495,310. This trade represents a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 618,664 shares of company stock valued at $60,410,221. Insiders own 10.85% of the company’s stock.

Circle Internet Group Price Performance

NYSE CRCL opened at $114.18 on Friday. The company has a market capitalization of $28.18 billion and a PE ratio of -35.68. The company has a fifty day moving average of $106.88 and a 200 day moving average of $90.16. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99.

Circle Internet Group (NYSE:CRCL) last posted its earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The business 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%. Circle Internet Group’s quarterly revenue was up 20.0% compared to the same quarter last year. Research analysts expect that Circle Internet Group, Inc. will post 0.86 earnings per share for the current year.

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.