Cricut (NASDAQ:CRCT) Announces Quarterly Earnings Results

Cricut (NASDAQ:CRCT) released its quarterly earnings data on Tuesday. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02, Zacks reports. The company had revenue of $209.31 million during the quarter, compared to the consensus estimate of $214.41 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%.

Cricut Stock Performance

NASDAQ:CRCT opened at $5.22 on Wednesday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.64 and a beta of -0.02. Cricut has a 52 week low of $4.43 and a 52 week high of $8.40. The company has a 50-day moving average of $5.69 and a 200-day moving average of $5.91.

Wall Street Analyst Weigh In

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 report on Wednesday, November 6th.

Insider Buying and Selling at Cricut

In other Cricut news, CEO Arora Ashish sold 60,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.59, for a total value of $335,400.00. Following the transaction, the chief executive officer now directly owns 3,391,635 shares in the company, valued at $18,959,239.65. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 373,210 shares of company stock worth $2,168,982 over the last ninety days. Corporate insiders own 18.02% of the company’s stock.

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.