StockNews.com Downgrades Cimpress (NASDAQ:CMPR) to Buy

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

Other research analysts have also recently issued reports about the company. Barrington Research increased their price target on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Truist Financial raised their target price on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Cimpress Stock Down 1.6 %

NASDAQ CMPR opened at $79.23 on Monday. The firm’s 50 day moving average is $85.93 and its 200-day moving average is $87.25. The company has a market capitalization of $2.00 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.69 and a beta of 2.03. Cimpress has a 12-month low of $57.01 and a 12-month high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The firm had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. As a group, sell-side analysts expect that Cimpress will post 4.4 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the transaction, the chief executive officer now directly owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cimpress news, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the sale, the chief executive officer now owns 986,785 shares of the company’s stock, valued at $96,260,876.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the transaction, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,116 shares of company stock worth $7,019,606. Company insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMPR. Lazard Asset Management LLC boosted its holdings in shares of Cimpress by 9,821.4% during the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the period. Hantz Financial Services Inc. bought a new stake in Cimpress in the 2nd quarter valued at $12,696,000. Marshall Wace LLP grew its holdings in Cimpress by 649.8% in the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after buying an additional 93,033 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Cimpress during the 2nd quarter worth $8,034,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after buying an additional 91,543 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

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.