Circle Internet Group (NYSE:CRCL) Downgraded by Mizuho to Strong Sell

Circle Internet Group (NYSE:CRCL) was downgraded by research analysts at Mizuho from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also issued reports on CRCL. Needham & Company LLC upped their target price on shares of Circle Internet Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Clear Str upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $101.00 target price on shares of Circle Internet Group in a research report on Tuesday, May 12th. Finally, KeyCorp initiated coverage on Circle Internet Group in a report on Tuesday, May 26th. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Circle Internet Group currently has an average rating of “Hold” and a consensus target price of $112.81.

Circle Internet Group Trading Up 0.5%

NYSE CRCL opened at $63.28 on Monday. Circle Internet Group has a twelve month low of $49.90 and a twelve month high of $262.97. The stock has a market capitalization of $15.73 billion and a price-to-earnings ratio of -19.78. The stock has a 50-day moving average of $89.98 and a 200 day moving average of $88.26.

Circle Internet Group (NYSE:CRCL) last released its quarterly 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). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company had revenue of $694.13 million during the quarter. The business’s revenue was up 20.0% on a year-over-year basis. Equities analysts predict that Circle Internet Group will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Circle Internet Group

In other news, CAO Tamara L. Schulz sold 1,194 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $64.40, for a total value of $76,893.60. Following the completion of the sale, the chief accounting officer directly owned 85,871 shares of the company’s stock, valued at approximately $5,530,092.40. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Hossein Razzaghi sold 1,831 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total value of $117,916.40. Following the completion of the sale, the insider owned 662,856 shares of the company’s stock, valued at approximately $42,687,926.40. This represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,966,527 shares of company stock valued at $156,751,921. 10.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Circle Internet Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Circle Internet Group in the fourth quarter valued at about $25,000. Larson Financial Group LLC raised its holdings in Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group during the 2nd quarter worth $27,000. Bellevue Asset Management LLC purchased a new stake in shares of Circle Internet Group in the fourth quarter valued at about $29,000. Finally, Harbour Investments Inc. grew its holdings in Circle Internet Group by 170.0% during the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after buying an additional 238 shares during the last quarter.

More Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle received final OCC approval to establish a bank, a notable regulatory win that could support its long-term growth and institutional credibility. Circle Internet (CRCL) Wins Final OCC Approval
• Positive Sentiment: Despite the pullback, Robert W. Baird kept an outperform rating on Circle, even after cutting its price target to $100 from $138, suggesting some analysts still see meaningful upside. Benzinga report on Baird target cut
• Neutral Sentiment: Coverage remains split, with analysts divided on Circle as competition in stablecoins intensifies and investor sentiment becomes more cautious. Analysts remain split on Circle amid rising competition
• Neutral Sentiment: Circle’s president highlighted a “historic” milestone, but the stock still fell as traders appeared more focused on near-term business and valuation risks than on the celebratory headline. Circle president hails company’s ‘historic’ milestone—so why is CRCL going down?
• Negative Sentiment: Mizuho downgraded Circle and pointed to revenue-model and competitive risks, saying rising redemptions and a new stablecoin rival could pressure growth. CRCL stock slips overnight after Mizuho downgrade – Circle Internet faces revenue model risks
• Negative Sentiment: Another report said Circle shares slipped after Mizuho cited competitive concerns, reinforcing fears that stablecoin market share may become harder to defend. Circle Shares Slip After Mizuho Downgrades Stock on Competitive Concerns (CRCL)
• Negative Sentiment: An insider sold about $1.7 million in Circle stock, which can add to pressure when sentiment is already weak. Circle Internet Group (NYSE:CRCL) Insider Sells $1,703,957.40 in Stock

About Circle Internet Group

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.