Key Points
- CEO Robert Keane sold 6,500 Cimpress shares at an average price of $96.09, generating $624,585 and reducing his direct ownership by 7.86% to 76,177 shares.
- Cimpress recently reported quarterly EPS of $0.97, missing the $1.22 consensus estimate, while revenue of $944.96 million was roughly in line with expectations.
- Analysts maintain a consensus “Buy” rating with an average price target of $114.50; Cimpress shares recently traded at $97.34, and institutional investors own 77.64% of the stock.
Cimpress plc (NASDAQ:CMPR - Get Free Report) CEO Robert Keane sold 6,500 shares of Cimpress stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total transaction of $624,585.00. Following the transaction, the chief executive officer directly owned 76,177 shares in the company, valued at $7,319,847.93. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Cimpress Stock Performance
Shares of CMPR opened at $97.34 on Friday. Cimpress plc has a fifty-two week low of $56.34 and a fifty-two week high of $106.57. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 25.82 and a beta of 1.80. The firm has a 50 day moving average price of $95.63 and a 200-day moving average price of $85.89.
Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). The business had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.24%. As a group, equities research analysts predict that Cimpress plc will post 4.51 earnings per share for the current year.
Analyst Upgrades and Downgrades
CMPR has been the topic of several analyst reports. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Zacks Research upgraded Cimpress from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 2nd. 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. Barrington Research set a $121.00 price target on Cimpress in a research note on Tuesday. Finally, Weiss Ratings upgraded Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $114.50.
View Our Latest Analysis on Cimpress
Hedge Funds Weigh In On Cimpress
Hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Cimpress during the second quarter valued at about $33,000. KBC Group NV bought a new stake in shares of Cimpress in the first quarter worth about $30,000. Allworth Financial LP increased its holdings in Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock valued at $33,000 after purchasing an additional 370 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Cimpress by 27.7% during 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. Finally, Quarry LP bought a new position in Cimpress during the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.64% of the company's stock.
About Cimpress
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
