Cimpress (NASDAQ:CMPR) EVP Sean Edward Quinn Sells 5,009 Shares
by Amy Steele · The Cerbat GemCimpress plc (NASDAQ:CMPR – Get Free Report) EVP Sean Edward Quinn sold 5,009 shares of Cimpress stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the transaction, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sean Edward Quinn also recently made the following trade(s):
- On Wednesday, May 27th, Sean Edward Quinn sold 22,980 shares of Cimpress stock. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80.
Cimpress Stock Down 1.3%
Shares of CMPR stock opened at $98.56 on Friday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 55.37 and a beta of 1.79. Cimpress plc has a fifty-two week low of $42.05 and a fifty-two week high of $106.13. The firm’s 50 day moving average price is $84.48 and its two-hundred day moving average price is $76.64.
Cimpress (NASDAQ:CMPR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. The firm had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, equities analysts forecast that Cimpress plc will post 3.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Truist Financial set a $110.00 price target on shares of Cimpress in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Barrington Research lifted their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cimpress currently has an average rating of “Moderate Buy” and a consensus price target of $111.50.
Read Our Latest Research Report on CMPR
Institutional Trading of Cimpress
A number of hedge funds and other institutional investors have recently made changes to their positions in CMPR. Amundi increased its stake in shares of Cimpress by 73.5% in the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after buying an additional 3,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after buying an additional 282 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Cimpress by 4.2% in the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock worth $869,000 after buying an additional 751 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Cimpress in the second quarter worth $211,000. Finally, Hsbc Holdings PLC increased its stake in shares of Cimpress by 15.3% in the second quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock worth $520,000 after buying an additional 1,492 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.
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.