Cimpress (NASDAQ:CMPR) Trading Down 5.6% – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s stock price dropped 5.6% on Friday . The company traded as low as $77.25 and last traded at $77.48. Approximately 32,515 shares traded hands during trading, a decline of 78% from the average daily volume of 150,292 shares. The stock had previously closed at $82.05.

Analyst Ratings Changes

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. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. 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.

Cimpress Stock Performance

The firm has a market capitalization of $1.96 billion, a PE ratio of 14.10, a P/E/G ratio of 0.72 and a beta of 2.08. The stock’s 50-day simple moving average is $79.25 and its 200-day simple moving average is $84.59.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The company had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. During the same period in the previous year, the company earned $0.17 earnings per share. As a group, analysts predict that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in Cimpress during the third quarter valued at $7,582,000. Diamond Hill Capital Management Inc. lifted its position in Cimpress by 6.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in Cimpress during the second quarter worth about $2,208,000. Millennium Management LLC grew its holdings in Cimpress by 34.6% in the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after purchasing an additional 11,041 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Cimpress by 14.8% during the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other 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.