UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,613 Shares of Cricut, Inc. (NASDAQ:CRCT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cricut, Inc. (NASDAQ:CRCT) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,528 shares of the company’s stock after purchasing an additional 5,613 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cricut were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Cricut by 3.1% in the second quarter. AQR Capital Management LLC now owns 765,474 shares of the company’s stock worth $4,585,000 after buying an additional 23,345 shares during the period. American Century Companies Inc. increased its stake in Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after purchasing an additional 135,539 shares during the period. Renaissance Technologies LLC lifted its position in Cricut by 4.9% in the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock valued at $2,313,000 after purchasing an additional 17,958 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Cricut by 7.1% during the second quarter. Cubist Systematic Strategies LLC now owns 268,926 shares of the company’s stock valued at $1,611,000 after purchasing an additional 17,898 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Cricut by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock worth $1,288,000 after purchasing an additional 18,939 shares during the last quarter. 19.60% of the stock is owned by institutional investors.

Cricut Price Performance

CRCT opened at $5.93 on Friday. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The business has a 50 day simple moving average of $5.94 and a two-hundred day simple moving average of $6.06. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $167.89 million for the quarter, compared to the consensus estimate of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the prior year, the company earned $0.08 EPS. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

The business also recently announced a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price target on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

Insider Activity at Cricut

In other Cricut news, EVP Donald B. Olsen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the completion of the transaction, the executive vice president now owns 625,833 shares of the company’s stock, valued at approximately $3,273,106.59. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arora Ashish sold 54,839 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $5.29, for a total value of $290,098.31. Following the completion of the sale, the chief executive officer now directly owns 3,980,294 shares in the company, valued at approximately $21,055,755.26. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,549 shares of company stock worth $1,199,555 over the last 90 days. 18.02% of the stock is owned by company insiders.

Cricut 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.