Mesirow Financial Investment Management Inc. Acquires New Holdings 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,944 shares of the company’s stock, valued at approximately $868,000.

Several other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the second quarter valued at approximately $27,000. PNC Financial Services Group Inc. increased its holdings in 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 period. Larson Financial Group LLC increased 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 valued at $26,000 after buying an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group during the third quarter valued at approximately $27,000. Finally, Montag A & Associates Inc. purchased a new position in Circle Internet Group during the third quarter valued at approximately $33,000.

Analysts Set New Price Targets

CRCL has been the topic of several research reports. Canaccord Genuity Group reissued a “buy” rating and set a $160.00 price objective on shares of Circle Internet Group in a report on Wednesday, March 25th. Mizuho lifted their price objective on shares of Circle Internet Group from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Wells Fargo & Company lifted their price target on shares of Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Circle Internet Group has a consensus rating of “Hold” and a consensus price target of $131.76.

Circle Internet Group Trading Down 7.8%

NYSE CRCL opened at $114.18 on Friday. The firm’s fifty day simple moving average is $106.88 and its two-hundred day simple moving average is $90.16. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99. The firm has a market capitalization of $28.18 billion and a P/E ratio of -35.68.

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 the consensus estimate of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The firm had revenue of $694.13 million during the quarter. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Circle Internet Group, Inc. will post 0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.