Cricut (CRCT) Projected to Post Quarterly Earnings on Tuesday

Cricut (NASDAQ:CRCT - Get Free Report) will likely be announcing 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. Investors that are interested in participating in the company's conference call can do so using this link.

Cricut Stock Performance

CRCT traded down $0.08 on Friday, reaching $5.40. The company had a trading volume of 213,960 shares, compared to its average volume of 269,922. The stock has a market cap of $1.16 billion, a P/E ratio of 19.29 and a beta of -0.02. Cricut has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The company's fifty day moving average is $5.72 and its 200 day moving average is $5.92.

Insiders Place Their Bets

In other news, CEO Arora Ashish sold 21,250 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $6.00, for a total transaction of $127,500.00. Following the transaction, the chief executive officer now directly owns 3,844,590 shares of the company's stock, valued at approximately $23,067,540. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 373,210 shares of company stock worth $2,168,982 in the last quarter. 18.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Cricut

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.