Charles Schwab Investment Management Inc. Reduces Holdings in Cimpress plc $CMPR

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Cimpress plc by 12%, selling 26,204 shares, leaving it with 192,293 shares worth approximately $8.7 million.
• Analysts have mixed views on Cimpress, with Wall Street Zen downgrading it from "buy" to "hold," while Truist Financial set a price target of $74.00 and maintained a "buy" rating.
• Cimpress recently reported a quarterly loss of ($1.02) EPS, significantly missing estimates, despite revenues coming in at $869.48 million, exceeding expectations.

Charles Schwab Investment Management Inc. lessened its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 12.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,293 shares of the business services provider's stock after selling 26,204 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of Cimpress worth $8,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Cimpress by 341.6% during the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Ethic Inc. purchased a new stake in Cimpress during the 4th quarter worth about $214,000. Cerity Partners LLC purchased a new stake in Cimpress during the 1st quarter worth about $214,000. Mayfair Advisory Group LLC lifted its holdings in Cimpress by 70.3% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,839 shares of the business services provider's stock worth $219,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Cimpress during the 4th quarter worth about $228,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen cut Cimpress from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Truist Financial set a $74.00 target price on Cimpress and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Barrington Research upped their target price on Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Cimpress presently has a consensus rating of "Buy" and an average price target of $72.00.

Cimpress Price Performance

CMPR opened at $61.77 on Tuesday. The stock's 50 day simple moving average is $50.81 and its 200 day simple moving average is $46.91. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $102.22. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 121.12 and a beta of 1.70.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.99). Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%.The company had revenue of $869.48 million for the quarter, compared to the consensus estimate of $844.24 million. Cimpress has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

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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