Sequoia Financial Advisors LLC Cuts Stock Position in Cimpress plc (NASDAQ:CMPR)

Sequoia Financial Advisors LLC lowered its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 17.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 82,442 shares of the business services provider's stock after selling 17,645 shares during the period. Sequoia Financial Advisors LLC owned 0.33% of Cimpress worth $3,729,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CMPR. Rhumbline Advisers lifted its holdings in Cimpress by 0.9% in the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock valued at $1,820,000 after buying an additional 232 shares during the period. New York State Common Retirement Fund raised its position in shares of Cimpress by 203.5% in the 4th quarter. New York State Common Retirement Fund now owns 17,152 shares of the business services provider's stock worth $1,230,000 after acquiring an additional 11,500 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Cimpress by 6.4% in the 4th quarter. Handelsbanken Fonder AB now owns 6,696 shares of the business services provider's stock valued at $480,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Cimpress by 27.4% in the 4th quarter. Bank of New York Mellon Corp now owns 68,505 shares of the business services provider's stock valued at $4,913,000 after purchasing an additional 14,735 shares during the period. Finally, Auxano Advisors LLC boosted its position in shares of Cimpress by 3.2% during the 4th quarter. Auxano Advisors LLC now owns 13,744 shares of the business services provider's stock valued at $986,000 after purchasing an additional 430 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMPR shares. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Truist Financial reduced their price objective on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Barrington Research decreased their price target 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.

Cimpress Stock Up 3.8%

NASDAQ:CMPR traded up $1.80 on Tuesday, hitting $48.80. The stock had a trading volume of 1,061,748 shares, compared to its average volume of 191,328. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92. The business's fifty day moving average is $43.89 and its 200 day moving average is $52.10. The company has a market cap of $1.21 billion, a PE ratio of 8.33 and a beta of 1.77.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its 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). Cimpress had a negative return on equity of 27.85% and a net margin of 4.61%. The firm had revenue of $789.47 million for the quarter, compared to analyst estimates of $798.02 million. Equities analysts predict that Cimpress plc will post 3.69 earnings per share for the current fiscal 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.