Cimpress (NASDAQ:CMPR) Shares Down 8.8% After Analyst Downgrade

Shares of Cimpress plc (NASDAQ:CMPR) were down 8.8% during mid-day trading on Friday 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 $56.85 and last traded at $56.47. Approximately 48,410 shares changed hands during trading, a decline of 74% from the average session volume of 184,443 shares. The stock had previously closed at $61.92.

A number of other analysts have also weighed in on CMPR. Weiss Ratings lowered shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Truist Financial lowered their price target on shares of Cimpress from $108.00 to $90.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two equities research 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, Cimpress has an average rating of “Moderate Buy” and an average target price of $96.00.

Insider Buying and Selling at Cimpress

In other news, CEO Robert Keane sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $84.88, for a total value of $1,358,080.00. Following the completion of the transaction, the chief executive officer owned 764,000 shares of the company’s stock, valued at $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 34,500 shares of company stock worth $3,001,585 in the last quarter. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently added to or reduced their stakes in CMPR. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Cimpress during the second quarter valued at approximately $50,829,000. Wasatch Advisors LP purchased a new position in Cimpress in the second quarter worth $47,545,000. Rubric Capital Management LP boosted its position in Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock worth $118,948,000 after purchasing an additional 104,419 shares during the last quarter. Janus Henderson Group PLC boosted its position in Cimpress by 2.6% in the first quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after purchasing an additional 92,764 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Cimpress by 19.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 329,805 shares of the business services provider’s stock valued at $24,076,000 after purchasing an additional 54,341 shares during the period. 77.64% of the stock is owned by institutional investors.

Cimpress Stock Performance

The stock has a market cap of $1.39 billion, a P/E ratio of 16.78 and a beta of 1.90. The business has a 50 day simple moving average of $77.31 and a 200-day simple moving average of $83.81.

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

Cimpress Company Profile

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.