Cimpress (NASDAQ:CMPR) Shares Down 5.6% - Time to Sell?

Shares of Cimpress plc (NASDAQ:CMPR - Get Free Report) fell 5.6% on Friday . The stock traded as low as $77.25 and last traded at $77.48. 32,515 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 150,292 shares. The stock had previously closed at $82.05.

Analysts Set New Price Targets

CMPR has been the topic of several analyst reports. Barrington Research lifted their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 27th. Truist Financial decreased their price objective on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.

Cimpress Price Performance

The company has a 50 day moving average price of $79.22 and a 200-day moving average price of $84.58. The stock has a market capitalization of $1.98 billion, a PE ratio of 13.53, a PEG ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter last year, the company posted $0.17 earnings per share. As a group, equities analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current year.

Institutional Trading of Cimpress

Several large investors have recently bought and sold shares of CMPR. Janus Henderson Group PLC grew its position in shares of Cimpress by 5.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock worth $233,253,000 after buying an additional 140,899 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider's stock valued at $44,909,000 after purchasing an additional 4,441 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock worth $36,885,000 after purchasing an additional 26,727 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Cimpress by 11.0% in the 2nd quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider's stock worth $34,776,000 after buying an additional 39,438 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Cimpress by 0.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 145,703 shares of the business services provider's stock valued at $11,936,000 after buying an additional 785 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

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.