Cricut (NASDAQ:CRCT) Director Jason Makler Purchases 9,691 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) Director Jason Makler acquired 9,691 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $4.34 per share, with a total value of $42,058.94. Following the purchase, the director owned 29,690 shares in the company, valued at $128,854.60. The trade was a 48.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Jason Makler also recently made the following trade(s):

• On Wednesday, May 13th, Jason Makler acquired 310 shares of Cricut stock. The stock was bought at an average cost of $4.15 per share, with a total value of $1,286.50.

Cricut Price Performance

Shares of NASDAQ:CRCT opened at $3.94 on Thursday. The company has a market cap of $834.41 million, a price-to-earnings ratio of 11.26 and a beta of 0.22. The firm has a 50 day simple moving average of $4.20 and a 200 day simple moving average of $4.57. Cricut, Inc. has a one year low of $3.73 and a one year high of $7.33.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $159.47 million during the quarter, compared to the consensus estimate of $164.33 million. Cricut had a net margin of 10.36% and a return on equity of 21.37%. As a group, analysts expect that Cricut, Inc. will post 0.14 EPS for the current year.

Cricut Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a dividend yield of 474.0%. Cricut’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRCT shares. Barclays reaffirmed an “underweight” rating and set a $4.00 price target on shares of Cricut in a research note on Wednesday, March 4th. UBS Group reaffirmed a “cautious” rating on shares of Cricut in a research note on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $3.75 price target on shares of Cricut in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Cricut from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Four research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus price target of $3.88.

Hedge Funds Weigh In On Cricut

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in Cricut by 255.9% in the second quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock worth $25,000 after purchasing an additional 2,620 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Cricut by 57,811.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,212 shares of the company’s stock worth $26,000 after purchasing an additional 5,203 shares during the period. Guggenheim Capital LLC acquired a new stake in Cricut in the fourth quarter worth $55,000. Orion Porfolio Solutions LLC acquired a new stake in Cricut in the fourth quarter worth $63,000. Finally, Diversified Trust Co acquired a new stake in Cricut in the first quarter worth $67,000. Institutional investors own 19.60% of the company’s stock.

About Cricut

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.