Cricut, Inc. (NASDAQ:CRCT) Holdings Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in Cricut, Inc. (NASDAQ:CRCT - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,118 shares of the company's stock after buying an additional 75,663 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.18% of Cricut worth $2,258,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Cricut during the 4th quarter worth about $36,000. Copeland Capital Management LLC bought a new position in shares of Cricut in the fourth quarter valued at approximately $63,000. Drive Wealth Management LLC acquired a new position in shares of Cricut during the fourth quarter valued at approximately $64,000. Olympiad Research LP bought a new stake in Cricut during the fourth quarter worth approximately $67,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Cricut during the fourth quarter worth approximately $72,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "sell" rating and set a $4.00 price target (down from $6.00) on shares of Cricut in a research report on Monday, April 14th. Morgan Stanley decreased their target price on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a research note on Thursday, March 6th.

Insiders Place Their Bets

In related news, CEO Arora Ashish sold 60,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $6.19, for a total value of $371,400.00. Following the completion of the transaction, the chief executive officer now owns 3,999,329 shares of the company's stock, valued at approximately $24,755,846.51. This trade represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 305,009 shares of company stock worth $1,820,894. Company insiders own 18.61% of the company's stock.

Cricut Trading Down 2.6%

CRCT stock traded down $0.16 on Monday, hitting $5.95. 380,294 shares of the company's stock traded hands, compared to its average volume of 447,673. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 21.25 and a beta of 0.01. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.17. The stock has a fifty day moving average of $5.23 and a 200-day moving average of $5.49.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates 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 anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Cuts Dividend

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

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.