Cricut (NASDAQ:CRCT – Get Rating) had its price objective boosted by equities researchers at Citigroup from $8.68 to $9.50 in a research report issued on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 3.26% from the stock’s current price.
Cricut Stock Down 0.1 %
Shares of NASDAQ CRCT opened at $9.20 on Wednesday. The stock has a market capitalization of $2.03 billion, a PE ratio of 32.86 and a beta of 0.03. The firm has a fifty day moving average of $9.60 and a 200-day moving average of $9.05. Cricut has a 52-week low of $5.88 and a 52-week high of $14.37.
Cricut (NASDAQ:CRCT – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $280.76 million for the quarter, compared to the consensus estimate of $261.00 million. Cricut had a net margin of 6.84% and a return on equity of 8.36%. Cricut’s quarterly revenue was down 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 EPS. Equities research analysts expect that Cricut will post 0.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Cricut
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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