6 days Ago By ABMN Staff
Vanguard Group Inc. reduced its stake in shares of Cricut, Inc. ( NASDAQ:CRCT – Free Report ) by 0.
8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,843,243 shares of the company’s stock after selling 37,157 shares during the period. Vanguard Group Inc.
’s holdings in Cricut were worth $27,606,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd purchased a new stake in Cricut during the fourth quarter worth approximately $36,000.
Copeland Capital Management LLC acquired a new stake in shares of Cricut during the 4th quarter worth approximately $63,000. Drive Wealth Management LLC acquired a new position in shares of Cricut during the fourth quarter valued at $64,000. Olympiad Research LP acquired a new position in shares of Cricut during the fourth quarter worth approximately $67,000.
Finally, Nisa Investment Advisors LLC boosted its position in Cricut by 141.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 18,449 shares of the company’s stock worth $105,000 after acquiring an additional 10,805 shares during the period.
19.60% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of research firms recently weighed in on CRCT.
Citigroup reiterated a “sell” rating and issued a $4.00 price target (down previously from $6.00) on shares of Cricut in a research report on Monday.
Morgan Stanley decreased their target price on shares of Cricut from $3.90 to $3.80 and set an “underweight” rating for the company in a research report on Thursday, March 6th.
Cricut Price Performance NASDAQ CRCT opened at $4.80 on Tuesday. Cricut, Inc.
has a one year low of $4.53 and a one year high of $8.40.
The firm has a market cap of $1.02 billion, a PE ratio of 17.14 and a beta of -0.
02. The stock’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.
73. Cricut ( NASDAQ:CRCT – Get Free Report ) last issued its earnings results on Tuesday, March 4th. The company reported $0.
06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02.
Cricut had a net margin of 8.47% and a return on equity of 12.36%.
The company had revenue of $209.31 million for the quarter, compared to analyst estimates of $214.41 million.
As a group, equities analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.
Insider Activity In other Cricut news, CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $5.75, for a total transaction of $122,187.
50. Following the completion of the transaction, the chief executive officer now owns 3,695,840 shares in the company, valued at approximately $21,251,080. This represents a 0.
57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Insiders sold 270,009 shares of company stock valued at $1,519,869 in the last quarter.
Company insiders own 18.02% of the company’s stock. Cricut Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding CRCT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cricut, Inc. ( NASDAQ:CRCT – Free Report ). Receive News & Ratings for Cricut Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cricut and related companies with MarketBeat.
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