Cimpress plc (NASDAQ:CMPR – Get 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.
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
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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