Cimpress (NASDAQ:CMPR) Sets New 12-Month Low on Analyst Downgrade

Cimpress plc (NASDAQ:CMPR) hit a new 52-week low during trading on Monday after Barrington Research lowered their price target on the stock from $121.00 to $102.00. Barrington Research currently has an outperform rating on the stock. Cimpress traded as low as $54.29 and last traded at $55.2250, with a volume of 18,644 shares changing hands. The stock had previously closed at $56.38.

A number of other research firms also recently weighed in on CMPR. Wall Street Zen downgraded Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial decreased their price target on shares of Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings cut shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Insiders Place Their Bets

In other news, CEO Robert Keane sold 16,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 764,000 shares in the company, valued at approximately $64,848,320. This represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 34,500 shares of company stock valued at $3,001,585. 10.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in Cimpress by 15.1% in the third quarter. Russell Investments Group Ltd. now owns 28,275 shares of the business services provider’s stock valued at $2,202,000 after purchasing an additional 3,707 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Cimpress by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,724 shares of the business services provider’s stock worth $1,105,000 after buying an additional 574 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Cimpress during the third quarter worth about $447,000. Sterling Capital Management LLC grew its stake in Cimpress by 14.2% during the third quarter. Sterling Capital Management LLC now owns 3,774 shares of the business services provider’s stock worth $291,000 after buying an additional 470 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Cimpress in the 3rd quarter valued at about $39,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

The stock has a market capitalization of $1.34 billion, a P/E ratio of 16.43 and a beta of 1.90. The firm’s fifty day simple moving average is $77.31 and its 200 day simple moving average is $83.81.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 28th. The business services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.80 by ($0.91). Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. The firm had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Analysts anticipate that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

About Cimpress

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.