BNP Paribas Financial Markets Takes Position in Cricut, Inc. (NASDAQ:CRCT)

BNP Paribas Financial Markets purchased a new stake in Cricut, Inc. (NASDAQ:CRCT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 103,385 shares of the company's stock, valued at approximately $589,000.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in shares of Cricut in the 4th quarter worth $222,000. Algert Global LLC boosted its holdings in Cricut by 4.5% during the fourth quarter. Algert Global LLC now owns 97,323 shares of the company's stock worth $555,000 after purchasing an additional 4,213 shares during the last quarter. Northern Trust Corp grew its position in Cricut by 10.9% in the 4th quarter. Northern Trust Corp now owns 451,772 shares of the company's stock worth $2,575,000 after purchasing an additional 44,260 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in Cricut in the 4th quarter valued at about $119,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Cricut in the 4th quarter valued at about $555,000. 19.60% of the stock is currently owned by institutional investors.

Cricut Stock Up 0.7%

CRCT traded up $0.04 during trading on Tuesday, hitting $5.99. 313,337 shares of the company traded hands, compared to its average volume of 408,360. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.17. The stock's fifty day moving average is $5.23 and its 200 day moving average is $5.49. The firm has a market cap of $1.27 billion, a P/E ratio of 21.39 and a beta of 0.01.

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

Cricut Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRCT. Morgan Stanley cut their target price on Cricut from $3.90 to $3.80 and set an "underweight" rating on the stock in a research note on Thursday, March 6th. Citigroup reiterated 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.

Insider Activity at Cricut

In other Cricut news, CEO Arora Ashish sold 35,203 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.37, for a total value of $189,040.11. Following the transaction, the chief executive officer now directly owns 3,265,322 shares in the company, valued at $17,534,779.14. This represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 305,009 shares of company stock valued at $1,820,894. Corporate insiders own 18.61% of the company's stock.

Cricut Company Profile

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.