Cimpress (NASDAQ:CMPR) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report report published on Monday.

CMPR has been the subject of several other reports. Barrington Research reiterated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. Truist Financial decreased their price objective on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating for the company in a research note on Monday.

Cimpress Price Performance

Shares of CMPR opened at $40.10 on Monday. The firm’s 50 day moving average is $43.41 and its 200-day moving average is $61.82. Cimpress has a 12-month low of $35.21 and a 12-month high of $104.92. The stock has a market capitalization of $1.01 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.94). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. The company had revenue of $789.47 million for the quarter, compared to analyst estimates of $798.02 million. As a group, equities research analysts forecast that Cimpress will post 3.69 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, CFO Sean Edward Quinn bought 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Several large investors have recently made changes to their positions in the company. Auxano Advisors LLC raised its stake in shares of Cimpress by 20.6% in the 1st quarter. Auxano Advisors LLC now owns 16,580 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 2,836 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Cimpress during the first quarter valued at about $2,375,000. Signaturefd LLC grew its position in shares of Cimpress by 341.6% in the first quarter. Signaturefd LLC now owns 605 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 468 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Cimpress in the first quarter valued at about $1,381,000. Finally, CWM LLC increased its stake in shares of Cimpress by 835.5% in the first quarter. CWM LLC now owns 5,323 shares of the business services provider’s stock worth $241,000 after purchasing an additional 4,754 shares during the period. Institutional investors 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.