Cimpress (NASDAQ:CMPR) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cimpress (NASDAQ:CMPR) in a research note published on Tuesday,Benzinga reports. They currently have a $83.00 target price on the business services provider’s stock.

CMPR has been the subject of several other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Finally, Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

Cimpress Trading Down 0.1%

NASDAQ CMPR opened at $78.53 on Tuesday. The firm’s fifty day simple moving average is $72.59 and its two-hundred day simple moving average is $64.63. The firm has a market capitalization of $1.94 billion, a P/E ratio of 59.95 and a beta of 1.73. Cimpress has a 12-month low of $35.21 and a 12-month high of $81.98.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%.The firm had revenue of $863.28 million during the quarter, compared to analyst estimates of $839.42 million. As a group, sell-side analysts predict that Cimpress will post 3.69 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn bought 4,000 shares of Cimpress stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $62.79 per share, with a total value of $251,160.00. Following the completion of the acquisition, the executive vice president directly owned 36,484 shares in the company, valued at approximately $2,290,830.36. This trade represents a 12.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maarten Wensveen sold 22,830 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the transaction, the executive vice president owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

A number of hedge funds have recently modified their holdings of CMPR. Merit Financial Group LLC acquired a new stake in Cimpress during the fourth quarter worth about $209,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cimpress by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,705 shares of the business services provider’s stock worth $114,000 after purchasing an additional 442 shares during the period. CWM LLC increased its holdings in shares of Cimpress by 1.7% during the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 346 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Cimpress by 30.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,305 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 1,232 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Cimpress by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,194 shares of the business services provider’s stock worth $801,000 after buying an additional 1,066 shares in the last quarter. Hedge funds and other 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.