Cimpress (NASDAQ:CMPR) CEO Sells $624,585.00 in Stock

Cimpress plc (NASDAQ:CMPR) CEO Robert 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 transaction of $624,585.00. Following the completion of the transaction, the chief executive officer owned 76,177 shares of the company’s stock, valued at $7,319,847.93. This represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cimpress Stock Performance

Shares of CMPR stock opened at $94.46 on Friday. The stock’s 50-day moving average is $95.63 and its two-hundred day moving average is $85.95. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 25.06 and a beta of 1.80. Cimpress plc has a 1 year low of $56.34 and a 1 year high of $106.57.

Cimpress (NASDAQ:CMPR) 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 firm had revenue of $944.96 million for the quarter, compared to analyst estimates of $945.53 million. As a group, research analysts predict that Cimpress plc will post 4.45 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Several institutional investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Cimpress during the 2nd quarter worth approximately $50,829,000. Wasatch Advisors LP acquired a new position in shares of Cimpress in the second quarter valued at approximately $47,545,000. Handelsbanken Fonder AB increased its holdings in shares of Cimpress by 3.0% in the second quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock valued at $701,000 after purchasing an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Cimpress in the second quarter valued at approximately $33,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Cimpress during the second quarter worth approximately $284,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMPR shares. Weiss Ratings upgraded Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen lowered shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday. Truist Financial cut their target price on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Barrington Research set a $121.00 price target on shares of Cimpress in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate 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.