HC Wainwright Has Negative Forecast for CRCL FY2027 Earnings

Circle Internet Group, Inc. (NYSE:CRCL) – Stock analysts at HC Wainwright decreased their FY2027 earnings estimates for Circle Internet Group in a research report issued to clients and investors on Thursday, November 5th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $1.28 per share for the year, down from their prior estimate of $1.39. HC Wainwright currently has a “Buy” rating and a $100.00 target price on the stock. The consensus estimate for Circle Internet Group’s current full-year earnings is $1.20 per share. HC Wainwright also issued estimates for Circle Internet Group’s Q4 2027 earnings at $0.38 EPS.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Wednesday, November 4th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.42. Circle Internet Group had a net margin of 15.27% and a return on equity of 13.10%. The business had revenue of $864.89 million during the quarter. During the same quarter in the previous year, the business posted $0.64 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis.

CRCL has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on Circle Internet Group from $115.00 to $101.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. Compass Point upgraded 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, November 5th. TD Cowen cut their target price on Circle Internet Group from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Seaport Research Partners set a $100.00 target price on Circle Internet Group in a research note on Monday, August 17th. Finally, Barclays cut Circle Internet Group to a “positive” rating in a research report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.44.

Circle Internet Group Stock Up 3.4%

Shares of CRCL opened at $67.20 on Thursday. The stock’s 50-day moving average price is $83.99 and its 200 day moving average price is $85.56. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 40.48 and a beta of 0.84. Circle Internet Group has a 12-month low of $49.90 and a 12-month high of $140.00.

Hedge Funds Weigh In On Circle Internet Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Southpoint Capital Advisors LP boosted its stake in Circle Internet Group by 175.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company’s stock valued at $314,853,000 after buying an additional 2,100,000 shares in the last quarter. SBI Holdings USA Inc. acquired a new position in Circle Internet Group during the second quarter worth $101,084,820. Accel XI Associates L.L.C. bought a new position in shares of Circle Internet Group during the second quarter valued at $56,999,563. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Circle Internet Group by 24.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,970,939 shares of the company’s stock valued at $326,292,000 after acquiring an additional 785,213 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Circle Internet Group during the second quarter valued at $25,467,000.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, Director Patrick Neville sold 50,000 shares of Circle Internet Group stock in a transaction that occurred on 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 directly owned 2,018 shares of the company’s stock, valued at approximately $185,837.62. The trade was a 96.12% 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeremy Allaire sold 56,205 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $68.48, for a total value of $3,848,918.40. Following the completion of the sale, the chief executive officer owned 221,355 shares in the company, valued at approximately $15,158,390.40. This represents a 20.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 423,396 shares of company stock worth $36,226,299. 10.85% of the stock is currently owned by company insiders.

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.