Cimpress plc (NASDAQ:CMPR – Get Free Report)’s share price gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $74.23, but opened at $61.49. Cimpress shares last traded at $66.14, with a volume of 64,293 shares trading hands.
The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Barrington Research restated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday. Finally, Truist Financial dropped their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.
Institutional Trading of Cimpress
Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock worth $233,253,000 after acquiring an additional 140,899 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress during the 3rd quarter worth about $7,582,000. Advantage Alpha Capital Partners LP acquired a new stake in shares of Cimpress during the 3rd quarter worth about $2,932,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Cimpress by 42.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock valued at $8,055,000 after buying an additional 29,484 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.
Cimpress Price Performance
The company’s 50 day simple moving average is $75.53 and its two-hundred day simple moving average is $81.46. The company has a market cap of $1.76 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09.
Cimpress Company Profile
Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.
Featured Articles
- Five stocks we like better than Cimpress
- What is a Secondary Public Offering? What Investors Need to Know
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to trade using analyst ratings
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to Use Stock Screeners to Find Stocks
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Cimpress Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimpress and related companies with MarketBeat.com's FREE daily email newsletter.