38,968 Shares in Cricut, Inc. (NASDAQ:CRCT) Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. purchased a new stake in Cricut, Inc. (NASDAQ:CRCT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,968 shares of the company's stock, valued at approximately $222,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Cricut by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,468 shares of the company's stock valued at $186,000 after buying an additional 2,684 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Cricut by 11.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 33,846 shares of the company's stock valued at $193,000 after buying an additional 3,365 shares during the last quarter. Algert Global LLC lifted its position in shares of Cricut by 4.5% in the fourth quarter. Algert Global LLC now owns 97,323 shares of the company's stock valued at $555,000 after buying an additional 4,213 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Cricut by 26.3% in the fourth quarter. SG Americas Securities LLC now owns 21,518 shares of the company's stock valued at $123,000 after buying an additional 4,484 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Cricut by 9.4% in the fourth quarter. Barclays PLC now owns 83,601 shares of the company's stock valued at $477,000 after buying an additional 7,161 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

Cricut Trading Down 0.9%

NASDAQ CRCT opened at $6.42 on Friday. The business's 50-day moving average price is $5.40 and its two-hundred day moving average price is $5.54. Cricut, Inc. has a 12 month low of $3.94 and a 12 month high of $7.17. The firm has a market capitalization of $1.36 billion, a PE ratio of 22.93 and a beta of 0.12.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $162.63 million for the quarter, compared to analyst estimates of $158.55 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. As a group, analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a $0.10 dividend. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, July 7th. Cricut's dividend payout ratio (DPR) is presently 64.52%.

Insider Transactions at Cricut

In related news, CEO Arora Ashish sold 5,283 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $5.25, for a total transaction of $27,735.75. Following the completion of the sale, the chief executive officer now directly owns 4,059,329 shares of the company's stock, valued at approximately $21,311,477.25. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 425,009 shares of company stock valued at $2,573,894 over the last ninety days. 18.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

CRCT has been the subject of several research reports. Citigroup reissued a "sell" rating and set a $4.00 price target (down from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley dropped their price target on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th.

About Cricut

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.

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