Cimpress plc (NASDAQ:CMPR) Stake Lowered by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 10.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,100 shares of the business services provider's stock after selling 11,300 shares during the period. Hennessy Advisors Inc. owned about 0.39% of Cimpress worth $4,482,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vestcor Inc acquired a new stake in shares of Cimpress during the 4th quarter valued at $144,000. Ethic Inc. acquired a new stake in shares of Cimpress during the fourth quarter worth $214,000. Ameriprise Financial Inc. purchased a new stake in shares of Cimpress during the fourth quarter valued at $228,000. Prudential Financial Inc. boosted its position in shares of Cimpress by 36.4% in the 4th quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock valued at $266,000 after purchasing an additional 990 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Cimpress in the 4th quarter valued at $287,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

CMPR has been the topic of several recent analyst reports. Truist Financial cut their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Barrington Research reduced their price target on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, May 9th.

Cimpress Stock Down 2.4%

Shares of Cimpress stock traded down $1.04 during midday trading on Wednesday, hitting $42.96. The company's stock had a trading volume of 201,136 shares, compared to its average volume of 180,590. Cimpress plc has a 1-year low of $35.21 and a 1-year high of $104.92. The firm has a market capitalization of $1.07 billion, a P/E ratio of 7.33 and a beta of 1.76. The stock has a 50-day simple moving average of $43.36 and a 200-day simple moving average of $54.60.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). The business 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, sell-side analysts predict that Cimpress plc will post 3.69 earnings per share 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.