Cimpress (NASDAQ:CMPR) Rating Lowered to Buy at StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

CMPR has been the subject of a number of other reports. Truist Financial increased their price objective on Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barrington Research increased their price target on Cimpress from $100.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 5th.

Cimpress Price Performance

Shares of CMPR stock opened at $84.24 on Monday. Cimpress has a 12-month low of $42.84 and a 12-month high of $100.01. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.13 and a beta of 1.94. The business has a 50 day simple moving average of $90.56 and a 200 day simple moving average of $80.91.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. The business had revenue of $780.59 million during the quarter, compared to the consensus estimate of $782.65 million. During the same period last year, the company earned ($0.97) earnings per share. On average, equities analysts anticipate that Cimpress will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the sale, the executive vice president now owns 10,779 shares in the company, valued at approximately $970,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Florian Baumgartner sold 3,410 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $84.83, for a total transaction of $289,270.30. Following the completion of the sale, the chief executive officer now owns 29,804 shares in the company, valued at approximately $2,528,273.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $148,590.00. Following the sale, the executive vice president now owns 10,779 shares of the company’s stock, valued at approximately $970,110. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,292 shares of company stock valued at $2,319,309. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cimpress in the first quarter valued at $273,000. Swiss National Bank lifted its holdings in shares of Cimpress by 0.9% in the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after purchasing an additional 300 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Cimpress in the first quarter valued at $200,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Cimpress by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 85,493 shares of the business services provider’s stock valued at $7,567,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Cimpress by 42.5% in the first quarter. Diversified Trust Co now owns 7,203 shares of the business services provider’s stock valued at $638,000 after purchasing an additional 2,148 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.