Cricut (NASDAQ:CRCT) Sees Large Volume Increase After Analyst Upgrade

Key Points

• Trading volume jumped 78% to about 1.15 million shares after Barclays raised its price target from $4 to $6; the firm nevertheless maintained an underweight rating. Shares traded at $9.045, above the prior close of $8.88.
• Cricut’s latest quarter beat expectations, with earnings of $0.13 per share versus $0.05 expected and revenue of $188.6 million versus $172 million expected; revenue rose 11% year over year.
• Analyst sentiment remains cautious: MarketBeat reports a “Strong Sell” consensus and an average price target of $4.73. The article also reports that insiders sold 610,000 shares over the prior 90 days.

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) shares saw strong trading volume on Thursday after Barclays raised their price target on the stock from $4.00 to $6.00. Barclays currently has an underweight rating on the stock. 1,148,332 shares changed hands during trading, an increase of 78% from the average daily volume of 645,933 shares. The stock last traded at $9.0450 and had previously closed at $8.88.

CRCT has been the subject of a number of other reports. Morgan Stanley restated an "underweight" rating and issued a $3.70 target price on shares of Cricut in a report on Wednesday, August 5th. Zacks Research lowered shares of Cricut from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. The Goldman Sachs Group assumed coverage on shares of Cricut in a research note on Wednesday, August 19th. They set a "sell" rating and a $4.50 price objective for the company. Finally, Weiss Ratings raised Cricut from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Sell" and a consensus price target of $4.73.

Insiders Place Their Bets

In other news, CEO Ashish Arora sold 60,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $5.48, for a total value of $328,800.00. Following the completion of the sale, the chief executive officer owned 4,027,105 shares of the company's stock, valued at $22,068,535.40. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 610,000 shares of company stock worth $3,613,800 over the last 90 days. Insiders own 16.48% of the company's stock.

Cricut News Roundup

Here are the key news stories impacting Cricut this week:

• Positive Sentiment: Quarterly results beat expectations: Cricut reported $0.13 in earnings per share versus the $0.05 consensus estimate, while revenue of $188.6 million topped estimates of $172.0 million and rose 11% year over year. Net income increased 36% to $27.8 million. Cricut Q3 2026 results
• Positive Sentiment: Growth was broad-based: Product sales rose 17%, international sales climbed 30% to $52.8 million, and platform revenue also grew—supporting the outlook for continued business expansion. Why Cricut Stock Soared
• Positive Sentiment: Shareholder returns provide another catalyst: Cricut announced its regular semiannual dividend of $0.10 per share and a special dividend of $0.70 per share, both payable in January 2027. Cricut Q3 2026 results
• Neutral Sentiment: Paid subscribers topped 3.07 million, but grew only 2% year over year, a more modest gain than sales growth. Cricut Q3 2026 results
• Negative Sentiment: Analyst caution and margin risk remain: Barclays raised its price target from $4 to $6 but kept an “underweight” rating, implying substantial downside from the cited share price. Management also flagged promotional pressures that could weigh on future margins. Barclays stock recommendations Cricut Q3 earnings call highlights

Institutional Trading of Cricut

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Cricut by 30.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 985,868 shares of the company's stock valued at $3,687,000 after buying an additional 229,663 shares during the period. Renaissance Technologies LLC boosted its holdings in Cricut by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 879,143 shares of the company's stock worth $3,288,000 after acquiring an additional 23,300 shares during the period. Bank of New York Mellon Corp boosted its holdings in Cricut by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 557,359 shares of the company's stock worth $2,085,000 after acquiring an additional 25,642 shares during the period. Empowered Funds LLC boosted its holdings in Cricut by 18.1% in the 1st quarter. Empowered Funds LLC now owns 420,595 shares of the company's stock worth $1,573,000 after acquiring an additional 64,362 shares during the period. Finally, Bank of America Corp DE grew its position in Cricut by 124.4% in the first quarter. Bank of America Corp DE now owns 116,790 shares of the company's stock valued at $437,000 after acquiring an additional 64,737 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Cricut Price Performance

The company's 50-day simple moving average is $6.13 and its 200-day simple moving average is $4.89. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 19.77 and a beta of 0.24.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.08. Cricut had a net margin of 13.42% and a return on equity of 26.66%. The business had revenue of $188.62 million for the quarter, compared to analysts' expectations of $172.02 million. Equities analysts predict that Cricut, Inc. will post 0.32 EPS for the current fiscal year.

Cricut Company Profile

Cricut, Inc develops and sells connected cutting machines and related products for do-it-yourself crafting, personalization and small-scale creative production. Its systems are designed to cut, draw, score and apply materials such as paper, vinyl, fabric, leather and iron-on transfers, enabling users to create customized home décor, apparel, gifts and other projects.

The company's product portfolio includes Cricut smart cutting machines, heat presses, specialized tools and a broad range of consumable materials.

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