Cimpress (NASDAQ:CMPR) Stock Price Down 4.7% – Here’s Why

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

Wall Street Analysts Forecast Growth

CMPR has been the topic of several analyst reports. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Truist Financial reduced their price target on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Barrington Research set a $121.00 target price on Cimpress in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cimpress has an average rating of “Moderate Buy” and an average target price of $114.50.

Cimpress Price Performance

The firm has a market capitalization of $2.13 billion, a PE ratio of 23.18 and a beta of 1.80. The company’s fifty day simple moving average is $95.90 and its 200-day simple moving average is $87.11.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data 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 business had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. As a group, equities research analysts anticipate that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of Cimpress stock in a transaction on 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 $7,319,847.93. The trade was a 7.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 177 shares during the period. Quantinno Capital Management LP increased its holdings in Cimpress by 2.7% in the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after buying an additional 189 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Cimpress by 3.0% in the second quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock valued at $701,000 after acquiring an additional 200 shares in the last quarter. Ieq Capital LLC raised its position in shares of Cimpress by 0.4% in the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after purchasing an additional 220 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Cimpress by 2.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after acquiring an additional 225 shares during the last quarter. 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.