Sean Edward Quinn Sells 22,980 Shares of Cimpress (NASDAQ:CMPR) Stock

Cimpress plc (NASDAQ:CMPR) EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the sale, the executive vice president directly owned 28,937 shares in the company, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Sean Edward Quinn also recently made the following trade(s):

• On Thursday, May 28th, Sean Edward Quinn sold 5,009 shares of Cimpress stock. The shares were sold at an average price of $104.22, for a total value of $522,037.98.

Cimpress Stock Performance

Shares of CMPR traded down $1.29 during trading hours on Friday, hitting $98.56. The company had a trading volume of 189,011 shares, compared to its average volume of 146,199. The firm has a fifty day moving average price of $83.91 and a 200-day moving average price of $76.48. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 55.37 and a beta of 1.79. Cimpress plc has a 52-week low of $42.05 and a 52-week high of $106.13.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. The company had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. Research analysts anticipate that Cimpress plc will post 3.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after acquiring an additional 177 shares during the period. Quantinno Capital Management LP raised its stake in Cimpress by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after acquiring an additional 189 shares during the period. Ieq Capital LLC raised its stake in Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock worth $3,866,000 after acquiring an additional 220 shares during the period. The Manufacturers Life Insurance Company raised its stake in Cimpress by 2.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after acquiring an additional 225 shares during the period. Finally, Cerity Partners LLC raised its stake in Cimpress by 1.3% during the 4th quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock worth $1,230,000 after acquiring an additional 233 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMPR. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Truist Financial set a $110.00 target price on Cimpress in a report on Friday, May 1st. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Barrington Research upped their price target on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

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.