Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low Following Analyst Downgrade

Shares of Cimpress plc (NASDAQ:CMPR) reached a new 52-week low on Monday after Barrington Research lowered their price target on the stock from $121.00 to $102.00. Barrington Research currently has an outperform rating on the stock. Cimpress traded as low as $54.29 and last traded at $55.2250, with a volume of 18,644 shares traded. The stock had previously closed at $56.38.

A number of other research firms also recently issued reports on CMPR. Weiss Ratings downgraded Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Truist Financial decreased their price target on Cimpress from $108.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the completion of the sale, the chief executive officer owned 764,000 shares in the company, valued at $64,848,320. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 34,500 shares of company stock worth $3,001,585 over the last 90 days. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Cimpress in the first quarter valued at $30,000. Financial Management Professionals Inc. bought a new position in shares of Cimpress in the second quarter valued at about $33,000. USA Financial Formulas bought a new position in shares of Cimpress in the third quarter valued at about $39,000. Public Employees Retirement System of Ohio bought a new position in shares of Cimpress in the second quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after buying an additional 177 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Cimpress Trading Down 3.2%

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 16.43 and a beta of 1.90. The business’s 50 day moving average price is $77.31 and its 200-day moving average price is $83.81.

Cimpress (NASDAQ:CMPR) last announced 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). The company had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. Equities research analysts forecast that Cimpress plc will post 4.38 EPS for the current fiscal year.

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.