Cimpress (NASDAQ:CMPR) Shares Down 5.3% – What’s Next?

Cimpress plc (NASDAQ:CMPR) shares dropped 5.3% during mid-day trading on Tuesday . The company traded as low as $78.56 and last traded at $78.66. Approximately 27,136 shares were traded during trading, a decline of 82% from the average daily volume of 151,479 shares. The stock had previously closed at $83.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMPR. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Truist Financial dropped their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Barrington Research increased their price target on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th.

Cimpress Stock Down 3.7 %

The business’s fifty day moving average price is $79.33 and its 200 day moving average price is $84.72. The firm has a market capitalization of $2.01 billion, a PE ratio of 13.75, a P/E/G ratio of 0.72 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The company had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter in the previous year, the business posted $0.17 earnings per share. As a group, sell-side analysts forecast that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.80% of the company’s stock.

Institutional Trading of Cimpress

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress in the 3rd quarter valued at approximately $29,000. CWM LLC lifted its stake in shares of Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 519 shares during the period. Quarry LP bought a new position in Cimpress in the third quarter valued at approximately $111,000. Point72 Asset Management L.P. acquired a new position in Cimpress in the third quarter valued at about $115,000. Finally, Meeder Asset Management Inc. bought a new position in Cimpress during the third quarter worth about $130,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.