<div id="readability-page-1"><p>Cricut (NASDAQ:CRCT - Get Free Report) announced its earnings results on Tuesday. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05, Zacks reports. Cricut had a net margin of 10.09% and a return on equity of 16.49%.</p><h2>Cricut Price Performance</h2><ul><li>Can Cricut Stock Jump Higher In 2023? </li></ul><p>Shares of NASDAQ:CRCT traded down $0.34 during mid-day trading on Tuesday, hitting $5.01. The company had a trading volume of 962,079 shares, compared to its average volume of 532,963. The firm has a fifty day moving average price of $5.86 and a 200 day moving average price of $5.82. The company has a market capitalization of $1.06 billion, a PE ratio of 15.18 and a beta of 0.17. Cricut has a one year low of $3.94 and a one year high of $7.33. </p><h2>Insider Buying and Selling at Cricut</h2><p>In other news, CEO Arora Ashish sold 17,204 shares of Cricut stock in a transaction on Friday, October 17th. The shares were sold at an average price of $5.27, for a total value of $90,665.08. Following the completion of the sale, the chief executive officer owned 2,668,146 shares in the company, valued at $14,061,129.42. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 337,826 shares of company stock valued at $1,972,877. Insiders own  18.02% of the company's stock. </p><h2>Institutional Trading of Cricut</h2><ul><li>Cricut Fails To Impress The Market And Shares Go On Sale </li></ul><p>Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of  Cricut by 20.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 911,221 shares of the company's stock valued at $6,169,000 after acquiring an additional 157,448 shares in the last quarter.  First Trust Advisors LP increased its stake in  Cricut by 1.3% during the 2nd quarter. First Trust Advisors LP now owns 154,368 shares of the company's stock valued at $1,045,000 after purchasing an additional 1,977 shares in the last quarter.  Ameriprise Financial Inc. increased its stake in  Cricut by 238.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 131,933 shares of the company's stock valued at $893,000 after purchasing an additional 93,002 shares in the last quarter.  Jane Street Group LLC increased its stake in  Cricut by 356.3% during the 2nd quarter. Jane Street Group LLC now owns 92,057 shares of the company's stock valued at $623,000 after purchasing an additional 71,881 shares in the last quarter.  Finally, Legal &amp; General Group Plc increased its stake in  Cricut by 15.8% during the 2nd quarter. Legal &amp; General Group Plc now owns 59,246 shares of the company's stock valued at $401,000 after purchasing an additional 8,095 shares in the last quarter. Institutional investors own  19.60% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several research firms have issued reports on CRCT. Wall Street Zen lowered shares of Cricut from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, October 18th. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Cricut in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group downgraded shares of Cricut from a &#34;neutral&#34; rating to a &#34;sell&#34; rating and reduced their price target for the company from $5.50 to $4.75 in a research note on Thursday, October 16th. One analyst  has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Cricut currently has a consensus rating of &#34;Strong Sell&#34; and a consensus price target of $4.18.</p><ul><li>Cricut Crafted Another Great Quarter </li></ul><p><b>Read Our Latest Stock Analysis on CRCT</b></p><h2>About Cricut</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cricut</li><li>Large Cap Stock Definition and How to Invest</li><li>3 Potential Scenarios to Watch for in D-Wave's Earnings Report</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in Play</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>Uber Is Crushing Lyft—And It’s Not Even Close</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JDVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JDVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cricut Right Now?</h2><p>Before you consider Cricut, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cricut wasn't on the list.</p><p>While Cricut currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CRCT

<p>Cricut (NASDAQ:CRCT) reported quarterly earnings of $0.10 EPS, surpassing estimates by $0.05. The company has a net margin of 10.09% and a return on equity of 16.49%. Despite the positive earnings, shares fell to $5.01, with a market cap of $1.06 billion. Insider trading saw CEO Ashish Arora sell 17,204 shares. Analysts have downgraded the stock, with a consensus rating of "Strong Sell" and a price target of $4.18. Institutional investors hold 19.60% of the stock, while insiders own 18.02%.</p>

Cricut (NASDAQ:CRCT) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS