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

Cimpress plc (NASDAQ:CMPR) CEO Robert Keane sold 6,500 shares of Cimpress 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 transaction, the chief executive officer directly owned 76,177 shares in the company, valued at approximately $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cimpress Trading Down 3.0%

NASDAQ CMPR opened at $94.46 on Friday. Cimpress plc has a 12 month low of $56.34 and a 12 month high of $106.57. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 25.06 and a beta of 1.80. The company’s 50 day moving average is $95.63 and its two-hundred day moving average is $85.95.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). The firm had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%. Sell-side analysts forecast that Cimpress plc will post 4.45 EPS for the current year.

Institutional Trading of Cimpress

Several hedge funds have recently bought and sold shares of CMPR. Financial Management Professionals Inc. bought a new position in shares of Cimpress during the 2nd quarter valued at about $33,000. KBC Group NV bought a new stake in shares of Cimpress in the first quarter worth about $30,000. Allworth Financial LP increased its holdings in shares of Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after purchasing an additional 370 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $60,000 after buying an additional 177 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Cimpress in the third quarter worth about $55,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

CMPR has been the subject of a number of analyst reports. Weiss Ratings upgraded Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research set a $121.00 target price on Cimpress in a research note on Tuesday. Finally, Truist Financial lowered their price target on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $114.50.

Cimpress Company Profile

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.