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

Cricut, Inc. (NASDAQ:CRCT) Director Jason Makler purchased 9,691 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $4.34 per share, for a total transaction of $42,058.94. Following the completion of the acquisition, the director owned 29,690 shares of the company’s stock, valued at approximately $128,854.60. This represents a 48.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Cricut Trading Up 2.3%

Shares of Cricut stock opened at $4.03 on Friday. Cricut, Inc. has a 12-month low of $3.73 and a 12-month high of $7.33. The company has a market cap of $853.48 million, a price-to-earnings ratio of 11.51 and a beta of 0.22. The company’s 50-day moving average price is $4.19 and its 200-day moving average price is $4.56.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Cricut had a net margin of 10.36% and a return on equity of 21.37%. The firm had revenue of $159.47 million for the quarter, compared to the consensus estimate of $164.33 million. On average, sell-side analysts predict that Cricut, Inc. will post 0.14 earnings per share for the current year.

Cricut Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a $0.10 dividend. This represents a dividend yield of 474.0%. The ex-dividend date is Tuesday, July 7th. Cricut’s dividend payout ratio is 57.14%.

Institutional Investors Weigh In On Cricut

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL grew its position in Cricut by 824.0% during the third quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company’s stock valued at $2,253,000 after acquiring an additional 319,447 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Cricut during the third quarter valued at approximately $1,324,000. Alps Advisors Inc. bought a new position in Cricut during the third quarter valued at approximately $434,000. Cornerstone Investment Partners LLC bought a new position in Cricut during the third quarter valued at approximately $178,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Cricut during the third quarter valued at approximately $141,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRCT. Barclays reaffirmed an “underweight” rating and issued a $4.00 target price on shares of Cricut in a research note on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $3.75 target price on shares of Cricut in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Cricut from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, UBS Group reaffirmed a “cautious” rating on shares of Cricut in a research note on Wednesday, March 4th. Four investment 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.

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.