Cimpress plc (NASDAQ:CMPR) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 60.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,341 shares of the business services provider's stock after selling 44,165 shares during the period. Lazard Asset Management LLC owned 0.12% of Cimpress worth $2,103,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in Cimpress by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock valued at $7,178,000 after purchasing an additional 7,535 shares during the period. Hantz Financial Services Inc. grew its position in shares of Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after buying an additional 13,297 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after buying an additional 4,261 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after buying an additional 215 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Cimpress by 6.8% in the 4th quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock worth $12,327,000 after buying an additional 10,876 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 research report on Monday, May 5th. Barrington Research cut their price objective on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Cimpress Stock Performance

CMPR stock traded down $0.83 during trading on Friday, reaching $42.23. The company had a trading volume of 176,384 shares, compared to its average volume of 174,760. The firm has a 50-day simple moving average of $43.09 and a 200-day simple moving average of $58.95. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results 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 company had revenue of $789.47 million during the quarter, compared to analyst estimates of $798.02 million. Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Sell-side analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, with a total value of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares of the company's stock, valued at approximately $839,296. The trade was a 32.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 17.80% of the stock is owned by company insiders.

Cimpress Profile

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.