CricutCRCT
Market Cap: 1.39B
About: Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including the Connected machines engaged in the sale of its connected machine hardware and related essential software, the Subscriptions segment provides monthly and annual subscription fees, and the Accessories and Materials segment provides craft, DIY, home decor products and heat presses including the Cricut EasyPress, Cricut Mug Press, and Cricut Autopress.
Employees: 620
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 19
32% more call options, than puts
Call options by funds: $278K | Put options by funds: $211K
29% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 31
11% more funds holding
Funds holding: 100 [Q4 2023] → 111 (+11) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
7.32% less ownership
Funds ownership: 50.16% [Q4 2023] → 42.84% (-7.32%) [Q1 2024]
41% less capital invested
Capital invested by funds: $173M [Q4 2023] → $103M (-$70.4M) [Q1 2024]
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
Barclays Adrienne Yih | 38%downside $4 | Underweight Maintained | 7 Mar 2024 |
Goldman Sachs Eric Sheridan | 11%downside $5.75 | Neutral Maintained | 6 Mar 2024 |
Citigroup Jim Suva | 7%downside $6 | Neutral Maintained | 6 Mar 2024 |