Barclays analyst Adrienne Yih maintained a Sell rating on Cricut Inc (CRCT – Research Report) yesterday and set a price target of $4.00. The company’s shares closed yesterday at $4.67.
According to TipRanks, Yih is a 5-star analyst with an average return of 7.6% and a 52.82% success rate. Yih covers the Consumer Cyclical sector, focusing on stocks such as Nike, American Eagle, and Bath & Body Works.
Currently, the analyst consensus on Cricut Inc is a Moderate Sell with an average price target of $5.01, a 7.28% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Sell rating on the stock with a $4.30 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $16.51 and a one-year low of $4.43. Currently, Cricut Inc has an average volume of 799.2K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRCT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cricut Inc (CRCT) Company Description:
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.
Read More on CRCT:
