Cimpress (NASDAQ:CMPR) Shares Down 4.7% – What’s Next?

Cimpress plc (NASDAQ:CMPR) dropped 4.7% during trading on Thursday . The stock traded as low as $87.25 and last traded at $86.5350. 142,614 shares were traded during mid-day trading, a decline of 16% from the average session volume of 170,715 shares. The stock had previously closed at $90.78.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMPR. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Truist Financial decreased their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Barrington Research set a $121.00 price objective on shares of Cimpress in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cimpress currently has a consensus rating of “Moderate Buy” and an average target price of $114.50.

Cimpress Stock Performance

The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 23.20 and a beta of 1.80. The company has a 50 day moving average price of $95.79 and a 200 day moving average price of $87.21.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $944.96 million for the quarter, compared to analyst estimates of $945.53 million. On average, research analysts forecast that Cimpress plc will post 4.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert Keane sold 6,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total transaction of $624,585.00. Following the sale, the chief executive officer owned 76,177 shares of the company’s stock, valued at approximately $7,319,847.93. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Cimpress by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock valued at $32,627,000 after purchasing an additional 18,262 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Cimpress in the 4th quarter valued at about $1,847,000. Rubric Capital Management LP boosted its stake in shares of Cimpress by 6.8% in the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after buying an additional 104,419 shares during the period. Wakefield Asset Management LLLP acquired a new position in shares of Cimpress during the fourth quarter worth about $1,066,000. Finally, Wasatch Advisors LP purchased a new stake in shares of Cimpress during the second quarter worth approximately $47,545,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.