Cimpress plc (NASDAQ:CMPR – Get Free Report) shares fell 8.8% on Friday. The company traded as low as $56.85 and last traded at $56.47. Approximately 48,410 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 184,443 shares. The stock had previously closed at $61.92.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Weiss Ratings cut shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial dropped their price target on Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday. Barrington Research set a $121.00 price target on Cimpress in a research note on Tuesday, August 11th. Finally, Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Cimpress presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.
Check Out Our Latest Stock Analysis on CMPR
Cimpress Trading Down 8.6%
The company has a market capitalization of $1.39 billion, a P/E ratio of 16.87 and a beta of 1.90. The firm’s 50 day moving average price is $77.96 and its two-hundred day moving average price is $83.91.
Cimpress (NASDAQ:CMPR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91). The business had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. Analysts anticipate that Cimpress plc will post 4.38 earnings per share for the current fiscal year.
Insider Buying and Selling at Cimpress
In other Cimpress news, CEO Robert Keane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the transaction, the chief executive officer owned 764,000 shares of the company’s stock, valued at $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 34,500 shares of company stock worth $3,001,585. 10.20% of the stock is owned by insiders.
Institutional Trading of Cimpress
Several hedge funds and other institutional investors have recently bought and sold shares of CMPR. Financial Management Professionals Inc. acquired a new position in shares of Cimpress during the 2nd quarter worth approximately $33,000. KBC Group NV acquired a new stake in Cimpress during the first quarter worth approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Cimpress during the 2nd quarter worth $45,000. USA Financial Formulas bought a new position in Cimpress during the 3rd quarter worth $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.
Cimpress Company Profile
Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.
Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.
The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.
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