Cimpress plc (NASDAQ:CMPR - Get Free Report) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. 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.
The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.27% and a net margin of 4.75%.
Wall Street Analyst Weigh In
A number of analysts recently commented on CMPR shares. Truist Financial decreased their price target on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday. Barrington Research reissued an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Finally, StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a report on Friday.
Check Out Our Latest Analysis on CMPR
Hedge Funds Weigh In On Cimpress
A number of large investors have recently made changes to their positions in CMPR. Janus Henderson Group PLC boosted its stake in Cimpress by 5.2% during the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock valued at $233,253,000 after buying an additional 140,899 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Cimpress during the third quarter valued at $7,582,000. Advantage Alpha Capital Partners LP bought a new stake in Cimpress during the third quarter valued at $2,932,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cimpress by 42.8% during 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 period. 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 valued at $36,885,000 after buying an additional 26,727 shares during the period. 77.64% of the stock is owned by institutional investors.
Cimpress Price Performance
The company has a market cap of $1.58 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.63 and a beta of 2.08. The company has a 50 day moving average of $75.23 and a 200-day moving average of $81.04.
About Cimpress
(
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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.
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