Cimpress (NASDAQ:CMPR) Upgraded at Zacks Research

Zacks Research upgraded shares of Cimpress (NASDAQ:CMPRFree Report) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

CMPR has been the topic of a number of other reports. Barrington Research reissued an “outperform” rating and issued a $83.00 price objective on shares of Cimpress in a report on Tuesday. Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Citigroup reiterated an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $91.50.

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Cimpress Trading Up 1.4%

NASDAQ CMPR opened at $79.09 on Wednesday. Cimpress has a 12-month low of $35.21 and a 12-month high of $82.16. The company has a fifty day simple moving average of $73.27 and a two-hundred day simple moving average of $65.04. The stock has a market cap of $1.95 billion, a P/E ratio of 87.88 and a beta of 1.73.

Cimpress (NASDAQ:CMPRGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.11%. As a group, sell-side analysts forecast that Cimpress will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Sean Edward Quinn bought 4,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $62.79 per share, with a total value of $251,160.00. Following the acquisition, the executive vice president directly owned 36,484 shares in the company, valued at $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the executive vice president owned 20,587 shares of the company’s stock, valued at approximately $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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi raised its position 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 acquiring an additional 3,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cimpress by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after purchasing an additional 282 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Cimpress in the 2nd quarter worth about $454,000. CWM LLC boosted its position in Cimpress by 222.8% during the second quarter. CWM LLC now owns 17,180 shares of the business services provider’s stock worth $807,000 after purchasing an additional 11,857 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cimpress in the second quarter valued at approximately $879,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress News Summary

Here are the key news stories impacting Cimpress this week:

About Cimpress

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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.

See Also

Analyst Recommendations for Cimpress (NASDAQ:CMPR)

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