Cricut (CRCT) Projected to Post Earnings on Tuesday

Cricut (NASDAQ:CRCTGet Free Report) is expected to announce its earnings results after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $214.41 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Cricut Price Performance

NASDAQ CRCT opened at $5.63 on Tuesday. The company has a 50 day simple moving average of $5.75 and a 200-day simple moving average of $5.93. Cricut has a 52-week low of $4.43 and a 52-week high of $8.40. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.11 and a beta of -0.02.

Insider Buying and Selling at Cricut

In other Cricut news, CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.31, for a total transaction of $134,087.50. Following the transaction, the chief executive officer now owns 3,823,340 shares in the company, valued at $24,125,275.40. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 253,210 shares of company stock worth $1,477,182 over the last three months. Corporate insiders own 18.02% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price target on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th.

Check Out Our Latest Stock Report on Cricut

About Cricut

(Get Free Report)

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.

Further Reading

Earnings History for Cricut (NASDAQ:CRCT)

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