Cricut, Inc. (NASDAQ:CRCT – Get Rating) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.20.
Several equities research analysts have weighed in on CRCT shares. Robert W. Baird cut shares of Cricut from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $38.00 to $13.00 in a research report on Wednesday, March 9th. Barclays lowered their price objective on shares of Cricut from $20.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, March 10th. Zacks Investment Research cut shares of Cricut from a “hold” rating to a “sell” rating in a research report on Thursday, March 10th. Finally, Morgan Stanley lowered their price objective on shares of Cricut from $20.00 to $9.00 and set an “underweight” rating for the company in a research report on Wednesday, March 9th.
In other Cricut news, major shareholder Abdiel Capital Management, Llc purchased 12,935 shares of the stock in a transaction dated Friday, February 4th. The stock was bought at an average price of $18.72 per share, for a total transaction of $242,143.20. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 1,435,614 shares of company stock valued at $20,028,971.
Shares of CRCT stock opened at $11.62 on Friday. The company has a market cap of $2.58 billion and a P/E ratio of 18.16. Cricut has a 12-month low of $9.61 and a 12-month high of $47.36. The company’s 50-day moving average price is $13.31.
Cricut (NASDAQ:CRCT – Get Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). The company had revenue of $387.80 million during the quarter, compared to analyst estimates of $407.51 million. Cricut had a net margin of 10.75% and a return on equity of 22.66%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. Equities research analysts expect that Cricut will post 0.67 EPS for the current year.
About Cricut (Get Rating)
Cricut, Inc designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates in 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.
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