Cimpress (NASDAQ:CMPR) Trading Down 4.7% - Here's Why

Key Points

• Cimpress shares fell 4.7% intraday to about $86.54 after the company’s latest quarterly earnings missed analyst expectations: adjusted EPS was $0.97 versus a $1.22 consensus estimate, while revenue was essentially in line at $944.96 million.
• Analyst sentiment remains generally positive but has softened, with some firms downgrading the stock to “Hold” and Truist cutting its price target to $108. The consensus rating is “Moderate Buy,” with an average target of $114.50.
• CEO Robert S. Keane sold 6,500 shares worth approximately $624,585, while institutional investors collectively own 77.64% of Cimpress shares and several major funds recently increased their positions.

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares were down 4.7% during mid-day trading on Thursday . The company traded as low as $87.25 and last traded at $86.5350. 142,614 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 170,715 shares. The stock had previously closed at $90.78.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Wall Street Zen lowered shares of Cimpress from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. 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 research note on Thursday, August 13th. Finally, Weiss Ratings raised Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cimpress has an average rating of "Moderate Buy" and a consensus target price of $114.50.

Cimpress Price Performance

The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 23.18 and a beta of 1.80. The business has a 50-day simple moving average of $95.90 and a two-hundred day simple moving average of $87.11.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its 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 negative return on equity of 18.83% and a net margin of 2.57%.The business had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. As a group, equities analysts anticipate that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total value of $624,585.00. Following the completion of the transaction, the chief executive officer directly owned 76,177 shares in the company, valued at approximately $7,319,847.93. This represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in Cimpress by 10,452.4% in the 2nd quarter. California State Teachers Retirement System now owns 1,799,073 shares of the business services provider's stock valued at $182,966,000 after purchasing an additional 1,782,024 shares in the last quarter. Rubric Capital Management LP boosted its holdings in shares of Cimpress by 110.3% in the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider's stock worth $74,437,000 after acquiring an additional 619,360 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Cimpress in the second quarter worth $50,829,000. Wasatch Advisors LP purchased a new position in Cimpress during the 2nd quarter worth $47,545,000. Finally, Janus Henderson Group PLC lifted its holdings in Cimpress by 8.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider's stock worth $241,083,000 after purchasing an additional 272,260 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.

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