Cimpress (NASDAQ:CMPR) Shares Gap Down Following Weak Earnings

Cimpress plc (NASDAQ:CMPRGet Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $74.23, but opened at $61.49. Cimpress shares last traded at $66.14, with a volume of 64,293 shares.

The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Truist Financial decreased their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Read Our Latest Report on Cimpress

Institutional Trading of Cimpress

A number of large investors have recently bought and sold shares of CMPR. Janus Henderson Group PLC increased its stake in Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares during the last quarter. Hantz Financial Services Inc. increased its position in Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after acquiring an additional 13,297 shares during the period. Hennessy Advisors Inc. raised its stake in Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after acquiring an additional 7,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Cimpress by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock valued at $8,055,000 after acquiring an additional 29,484 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Performance

The business has a 50-day simple moving average of $75.53 and a two-hundred day simple moving average of $81.46. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.66 and a beta of 2.09.

About Cimpress

(Get Free Report)

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.

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