Robert Keane Sells 16,000 Shares of Cimpress (NASDAQ:CMPR) Stock

Cimpress plc (NASDAQ:CMPR) CEO Robert Keane sold 16,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares of the company’s stock, valued at approximately $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cimpress Stock Down 0.9%

Shares of NASDAQ CMPR traded down $0.75 during midday trading on Tuesday, reaching $83.40. The company had a trading volume of 108,368 shares, compared to its average volume of 171,641. The firm’s fifty day moving average price is $94.13 and its 200-day moving average price is $87.85. The stock has a market cap of $2.03 billion, a PE ratio of 22.12 and a beta of 1.80. Cimpress plc has a one year low of $56.34 and a one year high of $106.57.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). The company had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. As a group, equities research analysts expect that Cimpress plc will post 4.38 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial decreased their target price on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Barrington Research set a $121.00 target price on shares of Cimpress in a report on Tuesday, August 11th. Finally, Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.50.

Institutional Investors Weigh In On Cimpress

Several institutional investors and hedge funds have recently modified their holdings of CMPR. Integrated Wealth Concepts LLC bought a new position in shares of Cimpress during the second quarter worth $200,000. Corient Private Wealth LP purchased a new stake in Cimpress in the 2nd quarter worth $327,000. AXQ Capital LP bought a new position in shares of Cimpress during the 2nd quarter valued at about $449,000. Headlands Technologies LLC bought a new position in shares of Cimpress during the 2nd quarter valued at about $764,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Cimpress during the second quarter valued at about $45,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress plc (NASDAQ:CMPR) is a technology and manufacturing company focused on mass customization. It enables individuals, small businesses and organizations to design and order personalized products through online platforms, while using data, software and a distributed production network to manufacture and deliver those products efficiently.

Its portfolio includes customized marketing materials, signage, apparel, packaging, promotional products, gifts and other printed or personalized merchandise.