Brokerages Set Cimpress plc (NASDAQ:CMPR) PT at $111.50

Cimpress plc (NASDAQ:CMPR) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $111.50.

Several equities analysts recently commented on CMPR shares. Barrington Research increased their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a research note on Friday, May 1st.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $97.78 on Friday. The business’s 50-day moving average is $96.14 and its 200 day moving average is $83.82. Cimpress has a 1 year low of $47.76 and a 1 year high of $106.57. The firm has a market capitalization of $2.37 billion, a P/E ratio of 54.93 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The business had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. On average, analysts expect that Cimpress will post 3.81 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total value of $2,403,937.80. Following the sale, the executive vice president directly owned 28,937 shares of the company’s stock, valued at approximately $3,027,099.57. This represents a 44.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,240 shares of company stock valued at $4,715,549 in the last 90 days. 10.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently modified their holdings of the company. Amundi boosted its position in Cimpress by 73.5% in the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after buying an additional 3,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cimpress by 2.9% during the 1st 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 lifted its stake in Cimpress by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock valued at $869,000 after acquiring an additional 751 shares during the period. Prudential Financial Inc. acquired a new stake in Cimpress during the 2nd quarter valued at approximately $211,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Cimpress by 15.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 1,492 shares during the last quarter. Institutional investors and hedge funds 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.