Robert Keane Sells 6,500 Shares of Cimpress (NASDAQ:CMPR) Stock

Key Points

• CEO Robert Keane sold 6,500 Cimpress shares at an average price of $96.09, generating $624,585 and reducing his direct ownership by 7.86% to 76,177 shares.
• Cimpress recently reported quarterly EPS of $0.97, below the $1.22 consensus estimate, while revenue of $944.96 million was roughly in line with expectations.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a consensus price target of $114.50 versus the stock’s recent price of $97.34.

Cimpress plc (NASDAQ:CMPR - Get Free Report) CEO Robert Keane sold 6,500 shares of the firm's stock in a transaction dated 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 $7,319,847.93. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cimpress Stock Performance

Shares of CMPR stock traded down $1.30 during trading hours on Thursday, reaching $97.34. The company had a trading volume of 118,372 shares, compared to its average volume of 169,663. The company has a market capitalization of $2.37 billion, a P/E ratio of 25.82 and a beta of 1.80. Cimpress plc has a twelve month low of $56.34 and a twelve month high of $106.57. The stock's fifty day simple moving average is $95.63 and its 200 day simple moving average is $85.76.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). The firm had revenue of $944.96 million for the quarter, compared to analysts' expectations of $945.53 million. Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%. As a group, equities analysts expect that Cimpress plc will post 4.51 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

A number of hedge funds have recently made changes to their positions in CMPR. Financial Management Professionals Inc. bought a new stake in Cimpress during the 2nd quarter valued at $33,000. KBC Group NV bought a new stake in shares of Cimpress during the 1st quarter worth about $30,000. Allworth Financial LP lifted its stake in shares of Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock worth $33,000 after acquiring an additional 370 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Cimpress by 27.7% in the first 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. Finally, Quarry LP acquired a new position in shares of Cimpress during the third quarter valued at approximately $55,000. Institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barrington Research set a $121.00 target price on shares of Cimpress in a research note on Tuesday. Weiss Ratings raised Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Truist Financial reduced their target price on Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Zacks Research upgraded Cimpress from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $114.50.

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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