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

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

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group reduced their price target on shares of Circle Internet Group from $111.00 to $96.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Clear Str upgraded shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. KeyCorp initiated coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Needham & Company LLC raised their target price on Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their target price on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.81.

Circle Internet Group Stock Performance

Circle Internet Group stock opened at $63.28 on Monday. The stock has a market capitalization of $15.73 billion and a price-to-earnings ratio of -19.78. Circle Internet Group has a 52-week low of $49.90 and a 52-week high of $262.97. The stock’s 50 day moving average price is $89.98 and its two-hundred day moving average price is $88.26.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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. Circle Internet Group’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts forecast that Circle Internet Group will post 1.01 EPS for the current year.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, insider Hossein Razzaghi sold 1,831 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 662,856 shares of the company’s stock, valued at approximately $42,687,926.40. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, CAO Tamara L. Schulz sold 1,194 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total transaction of $76,893.60. Following the completion of the transaction, the chief accounting officer directly owned 85,871 shares in the company, valued at $5,530,092.40. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 1,966,527 shares of company stock worth $156,751,921 in the last ninety days. 10.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently made changes to their positions in CRCL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Circle Internet Group in the 4th quarter worth about $25,000. Larson Financial Group LLC lifted its position in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Circle Internet Group during the 2nd quarter valued at about $27,000. Bellevue Asset Management LLC acquired a new position in Circle Internet Group during the 4th quarter valued at about $29,000. Finally, Harbour Investments Inc. increased 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 worth $30,000 after purchasing an additional 238 shares in 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.