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

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

Other analysts also recently issued research reports about the stock. Barrington Research upped their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Cimpress Stock Down 0.9 %

Shares of CMPR traded down $0.69 on Friday, reaching $79.66. The stock had a trading volume of 116,822 shares, compared to its average volume of 153,367. Cimpress has a twelve month low of $58.05 and a twelve month high of $104.92. The firm has a market capitalization of $2.00 billion, a PE ratio of 13.69, a PEG ratio of 0.70 and a beta of 2.05. The firm has a 50-day moving average of $81.50 and a 200 day moving average of $85.43.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period last year, the company posted $0.17 EPS. On average, sell-side analysts anticipate that Cimpress will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

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

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC grew its stake in shares of Cimpress by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock valued at $287,000 after buying an additional 257 shares during the period. Swiss National Bank grew its position in Cimpress by 0.9% during the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after acquiring an additional 300 shares during the period. Rhumbline Advisers grew its position in Cimpress by 1.1% during the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after acquiring an additional 308 shares during the period. The Manufacturers Life Insurance Company increased its stake in Cimpress by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock worth $910,000 after acquiring an additional 334 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock worth $268,000 after purchasing an additional 423 shares during the period. 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.