Crireduce (NASDAQ:CRCT – Get Rating) had its worth goal reduce by Citigroup from $10.00 to $7.00 in a report launched on Thursday, MarketBeat reviews. They presently have a impartial rating on the inventory.
Individually, Morgan Stanley reduce their worth goal on Crireduce from $8.70 to $6.00 and set an underweight rating on the inventory in a evaluation notice on Tuesday, June 14th. Two funding analysts have rated the inventory with a promote rating and three have given a primarytain rating to The agency. Based mostly on knowledge from MarketBeat, the inventory presently has a consensus rating of Hold and a consensus worth goal of $12.80.
Crireduce Price Efficiency
Shares of CRCT opened at $7.07 on Thursday. The inventory’s 50-day shifting common is $7.44 and its two-hundred day shifting common is $13.11. The inventory has a market cap of $1.57 billion, a PE ratio of 13.86 and a beta of 1.34. Crireduce has a 12 month low of $5.88 and a 12 month extreme of $39.19.
Crireduce (NASDAQ:CRCT – Get Rating) final launched its quarterly earnings outcomes on Tuesday, Might Tenth. The agency reported $0.11 EPS for the quarter, lacking the consensus estimate of $0.13 by ($0.02). Crireduce had a return on equity of 17.31% and a internet margin of 9.34%. The enterprise had income of $244.78 million By way of the quarter, As in contrast with analyst estimates of $257.22 million. All through The identical quarter final yr, the agency submited $0.24 EPS. The agency’s income was down 24.4% As in contrast with The identical quarter final yr. On common, evaluation analysts anticipate that Crireduce will submit 0.45 earnings per share for The current yr.
Insider Exercise at Crireduce
In completely different information, primary shareprimarytainer Abdiel Capital Administration, Llc acquired 12,500 shares of the inventory in a transaction that occurred on Monday, Might 2nd. The inventory was purchased at A imply value of $12.18 per share, with An complete worth of $152,250.00. Following the completion of the acquisition, the insider now immediately owns 14,262,521 shares Inside The agency, worthd at $173,717,505.78. The acquisition was disclosed in a submitting with the Securities & Commerce Fee, which is accessible through this hyperlink. Insiders purchased An complete of 270,211 shares of agency inventory worthd at $3,385,502 Over the previous three months. 16.77% of the inventory is owned by insiders.
Institutional Buying and promoting of Crireduce
Hedge funds and completely different institutional buyers have recently purchased and purchased shares of The agency. Allegheny Monetary Group LTD purchased A mannequin new stake in Crireduce Inside the fourth quarter worthd at about $28,000. Focused Wealth Administration Inc purchased A mannequin new place in shares of Crireduce By way of the fourth quarter worthd at roughly $57,000. California State Teachers Retirement System grew its primarytainings in shares of Crireduce by 16.3% By way of The primary quarter. California State Teachers Retirement System now owns 12,335 shares of The agency’s inventory worthd at $161,000 after buying for An further 1,732 shares By way of the final quarter. Versor Investments LP purchased A mannequin new place in shares of Crireduce By way of The primary quarter worthd at roughly $171,000. Lastly, Goldman Sachs Group Inc. purchased A mannequin new place in shares of Crireduce By way of The primary quarter worthd at roughly $205,000. 16.45% of the inventory is owned by institutional buyers.
Crireduce, Inc designs and markets a creativity platform That permits clients To level out ideas into expert-wanting handmade items. It operates in three segments: Related Machines, Subscriptions, and Equipment and Supplies. The agency provides connected machines, design apps, and accessories and materials for clients to create personalised birthday playing cards, mugs, T-shirts, And huge-scale inside decorations.
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