Cimpress (NASDAQ:CMPR) Shares Down 8.8% - Here's Why

Key Points

• Cimpress shares fell 8.8% to $56.47, while trading volume was 74% below its average.
• The company reported a quarterly loss of $0.11 per share, missing analyst expectations of $0.80 per share; revenue was roughly in line with estimates at $934.05 million.
• Analyst ratings were mixed, with some firms downgrading the stock or lowering price targets. MarketBeat reported a “Moderate Buy” consensus rating and an average target price of $105.50.

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares dropped 8.8% on Friday. The company traded as low as $56.85 and last traded at $56.47. Approximately 48,410 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 184,443 shares. The stock had previously closed at $61.92.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMPR. Weiss Ratings cut Cimpress from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. Barrington Research set a $121.00 target price on Cimpress in a report on Tuesday, August 11th. Truist Financial dropped their price target on Cimpress from $108.00 to $90.00 and set a "buy" rating for the company in a research report on Monday. Wall Street Zen downgraded Cimpress from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Zacks Research downgraded Cimpress from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.50.

Cimpress Stock Performance

The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.87 and a beta of 1.90. The firm has a fifty day moving average of $77.96 and a 200-day moving average of $83.91.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.91). Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. The business had revenue of $934.05 million during the quarter, compared to analysts' expectations of $934.18 million. On average, analysts predict that Cimpress plc will post 4.38 EPS for the current year.

Insiders Place Their Bets

In other Cimpress news, CEO Robert Keane sold 16,000 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 34,500 shares of company stock worth $3,001,585 in the last ninety days. Company insiders own 10.20% of the company's stock.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently modified their holdings of CMPR. Wasatch Advisors LP acquired a new position in Cimpress in the second quarter valued at about $47,545,000. Dimensional Fund Advisors LP raised its position in shares of Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider's stock worth $32,627,000 after purchasing an additional 18,262 shares during the period. Rubric Capital Management LP raised its position in shares of Cimpress by 6.8% during the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider's stock worth $118,948,000 after purchasing an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Cimpress during the second quarter worth about $50,829,000. Finally, Headlands Technologies LLC bought a new position in shares of Cimpress during the 2nd quarter valued at about $764,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Company Profile

Cimpress plc NASDAQ: CMPR is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.

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