Cimpress (NASDAQ:CMPR) Shares Gap Up - Still a Buy?

Key Points

• Cimpress shares gapped higher, opening at $80.52 versus a prior close of $76.03 and last trading around $80.72.
• Analyst sentiment remains cautiously positive: the stock has a consensus rating of “Moderate Buy” and an average price target of $114.50, despite recent downgrades to “Hold.”
• Cimpress’s latest quarterly results fell short of expectations, with EPS of $0.97 versus the $1.22 consensus estimate, while revenue was roughly in line at $944.96 million.

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $76.03, but opened at $80.52. Cimpress shares last traded at $80.72, with a volume of 8,616 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMPR shares. Truist Financial cut their price objective on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Weiss Ratings upgraded shares of Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Barrington Research set a $121.00 price target on shares of Cimpress in a research report on Tuesday, August 11th. Zacks Research cut shares of Cimpress from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Finally, Wall Street Zen cut shares of Cimpress from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.50.

Cimpress Trading Up 1.4%

The stock has a market capitalization of $1.99 billion, a PE ratio of 21.57 and a beta of 1.82. The firm has a 50-day moving average price of $82.92 and a 200-day moving average price of $88.87.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The business had revenue of $944.96 million for the quarter, compared to analysts' expectations of $945.53 million. Sell-side analysts expect that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, CEO Robert Keane sold 16,000 shares of Cimpress 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 completion of the transaction, the chief executive officer owned 764,000 shares of the company's stock, valued at $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 available through this link. In the last ninety days, insiders sold 34,500 shares of company stock valued at $3,001,585. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently modified their holdings of CMPR. KBC Group NV purchased a new position in Cimpress during the first quarter worth about $30,000. Financial Management Professionals Inc. bought a new position in Cimpress in the 2nd quarter worth about $33,000. USA Financial Formulas purchased a new stake in shares of Cimpress in the 3rd quarter valued at about $39,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cimpress in the 2nd quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider's stock valued at $60,000 after acquiring an additional 177 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

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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