Cricut (CRCT) to Release Earnings on Tuesday

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

Cricut Stock Down 1.5 %

NASDAQ CRCT opened at $5.40 on Monday. Cricut has a 52-week low of $4.43 and a 52-week high of $8.40. The business’s 50-day moving average price is $5.71 and its 200 day moving average price is $5.92. The firm has a market cap of $1.16 billion, a P/E ratio of 19.29 and a beta of -0.02.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other Cricut news, CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $5.59, for a total value of $335,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,391,635 shares of the company’s stock, valued at approximately $18,959,239.65. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 373,210 shares of company stock valued at $2,168,982. Company insiders own 18.02% of the company’s stock.

Cricut Company Profile

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.