Cimpress plc (NASDAQ:CMPR - Get Free Report) shares fell 3.8% during mid-day trading on Wednesday . The company traded as low as $42.40 and last traded at $42.35. 121,328 shares were traded during trading, a decline of 45% from the average session volume of 219,388 shares. The stock had previously closed at $44.00.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on CMPR shares. Barrington Research decreased their target price on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Truist Financial cut their price objective on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.
View Our Latest Research Report on Cimpress
Cimpress Stock Performance
The firm has a fifty day simple moving average of $43.30 and a 200-day simple moving average of $53.80. The company has a market capitalization of $1.07 billion, a PE ratio of 7.32 and a beta of 1.76.
Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). The company had revenue of $789.47 million for the quarter, compared to analyst estimates of $798.02 million. Cimpress had a negative return on equity of 27.85% and a net margin of 4.61%. As a group, research analysts anticipate that Cimpress plc will post 3.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of Cimpress by 341.6% in the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Cimpress during the first quarter valued at approximately $32,000. Headlands Technologies LLC bought a new position in Cimpress during the 1st quarter worth approximately $34,000. Vestcor Inc bought a new position in Cimpress during the 4th quarter worth approximately $144,000. Finally, Ethic Inc. acquired a new position in shares of Cimpress in the 4th quarter worth approximately $214,000. 77.64% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Cimpress, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cimpress wasn't on the list.
While Cimpress currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.