Cimpress (NASDAQ:CMPR) Stock Price Down 3.1%

Cimpress plc (NASDAQ:CMPR) dropped 3.1% during mid-day trading on Thursday . The stock traded as low as $97.53 and last traded at $97.90. Approximately 124,719 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 151,496 shares. The stock had previously closed at $101.04.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Truist Financial upped their price target on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barrington Research boosted their price target on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday.

Cimpress Stock Performance

The stock has a market cap of $2.51 billion, a PE ratio of 31.51, a PEG ratio of 0.80 and a beta of 2.00. The business has a 50-day moving average of $89.04 and a 200 day moving average of $88.72.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Equities analysts expect that Cimpress plc will post 4.24 EPS for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, CEO Florian Baumgartner sold 4,035 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $81.28, for a total transaction of $327,964.80. Following the completion of the sale, the chief executive officer now directly owns 27,619 shares in the company, valued at $2,244,872.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at $2,054,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Florian Baumgartner sold 4,035 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $81.28, for a total transaction of $327,964.80. Following the completion of the transaction, the chief executive officer now owns 27,619 shares in the company, valued at $2,244,872.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,421 shares of company stock worth $1,123,602. 17.90% of the stock is owned by insiders.

Institutional Trading of Cimpress

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Cimpress by 9,821.4% in the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the period. Hantz Financial Services Inc. acquired a new stake in Cimpress during the 2nd quarter worth about $12,696,000. Norges Bank acquired a new position in shares of Cimpress in the fourth quarter worth $9,433,000. Marshall Wace LLP boosted its position in Cimpress by 649.8% during the second quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 93,033 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Cimpress during the 2nd quarter valued at about $8,034,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.