TD Cowen Issues Pessimistic Forecast for Circle Internet Group (NYSE:CRCL) Stock Price

Circle Internet Group (NYSE:CRCL) had its price target lowered by TD Cowen from $92.00 to $87.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s price target points to a potential upside of 28.44% from the stock’s previous close.

Several other research firms have also recently commented on CRCL. Barclays cut Circle Internet Group to a “positive” rating in a research note on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $140.00 price target on shares of Circle Internet Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of Circle Internet Group from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley downgraded shares of Circle Internet Group from an “underweight” rating to a “cautious” rating in a report on Thursday. Finally, Compass Point raised shares of Circle Internet Group from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.88.

Circle Internet Group Price Performance

Shares of CRCL traded down $1.74 during midday trading on Thursday, hitting $67.74. The stock had a trading volume of 9,064,197 shares, compared to its average volume of 9,914,656. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 40.81 and a beta of 0.84. The company has a 50 day simple moving average of $85.45 and a two-hundred day simple moving average of $85.64. Circle Internet Group has a twelve month low of $49.90 and a twelve month high of $140.00.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.42. The company had revenue of $864.89 million during the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Analysts forecast that Circle Internet Group will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Patrick Neville sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $92.09, for a total transaction of $4,604,500.00. Following the sale, the director owned 2,018 shares in the company, valued at approximately $185,837.62. This represents a 96.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Fox-Geen sold 45,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $90.00, for a total value of $4,050,000.00. Following the transaction, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at $29,145,330. This trade represents a 12.20% 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. Insiders have sold 372,633 shares of company stock worth $32,833,583 over the last 90 days. 10.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRCL. Allworth Financial LP increased its position in shares of Circle Internet Group by 9.1% during the 2nd quarter. Allworth Financial LP now owns 1,267 shares of the company’s stock worth $79,000 after purchasing an additional 106 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Circle Internet Group by 28.6% during the 2nd quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after purchasing an additional 159 shares in the last quarter. Raiffeisen Bank International AG boosted its holdings in shares of Circle Internet Group by 0.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 30,200 shares of the company’s stock valued at $1,891,000 after buying an additional 200 shares during the last quarter. North Dakota State Investment Board boosted its holdings in shares of Circle Internet Group by 3.9% in the 3rd quarter. North Dakota State Investment Board now owns 5,477 shares of the company’s stock valued at $450,000 after buying an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Circle Internet Group by 32.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 981 shares of the company’s stock valued at $61,000 after buying an additional 239 shares during the last quarter.

Circle Internet Group News Roundup

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

• Positive Sentiment: Circle’s Q3 earnings beat estimates, with EPS of $0.84 versus $0.42 expected and revenue up 16.9% year over year. The earnings-call recap also cited payment growth and wider adoption of its Arc strategy, supporting the company’s growth case. CRCL Q3 Earnings Call Highlights Payment Growth and Arc Strategy
• Positive Sentiment: Compass Point upgraded CRCL from neutral to buy with a $99 price target, offering a more bullish counterpoint to recent analyst caution. Compass Point recommendations
• Positive Sentiment: Coverage highlighting Samsung Wallet, USDC and tokenized stock activity points to potential expansion of USDC’s reach and interest in tokenized assets, though adoption and revenue impact remain to be seen. Samsung Wallet and USDC Light the Fuse as CRCL Tokenized Stock Goes Electric
• Neutral Sentiment: Despite trimming price targets, firms including JPMorgan, Wells Fargo, TD Cowen and Needham maintained buy or overweight ratings. This preserves a constructive longer-term view, while signaling more cautious valuation assumptions.
• Negative Sentiment: Circle is reported to be cutting about 5% of its workforce. The move could reduce expenses, but also raises questions about the company’s cost structure and outlook. Circle Internet Group Cuts 5% Of Its Workforce
• Negative Sentiment: Several analysts lowered targets after results, including Deutsche Bank, which cut its target to $65 and kept a hold rating. Investors also face concerns about declining reserve income and distribution costs, which could weigh on profitability even as payments grow.

About Circle Internet Group

Circle Internet Group develops digital financial infrastructure centered on stablecoins and blockchain-based payments. Its principal products include USDC, a U.S. dollar-pegged stablecoin, and EURC, a euro-pegged stablecoin. The company also provides services and software that help businesses use digital currencies for payments and financial applications.

Circle Mint is a platform for eligible institutions to mint and redeem USDC and EURC. Circle also offers developer tools and infrastructure, including its Cross-Chain Transfer Protocol, which supports the movement of USDC across compatible blockchains.