Cimpress (NASDAQ:CMPR) Downgraded by ValuEngine to Hold

ValuEngine cut shares of Cimpress (NASDAQ:CMPR) from a buy rating to a hold rating in a report issued on Wednesday morning, ValuEngine reports.

Other equities analysts also recently issued research reports about the company. Aegis reiterated a hold rating and set a $80.00 price target on shares of Cimpress in a research note on Wednesday, June 5th. SunTrust Banks upgraded Cimpress from a sell rating to a hold rating and lifted their price target for the company from $94.00 to $128.00 in a research note on Friday, September 13th. Barrington Research reissued a market perform rating on shares of Cimpress in a research report on Friday, August 16th. Finally, BidaskClub raised shares of Cimpress from a buy rating to a strong-buy rating in a research report on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $102.67.

CMPR stock traded down $3.90 during mid-day trading on Wednesday, reaching $124.78. 335,875 shares of the company traded hands, compared to its average volume of 210,087. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 1.83 and a beta of 0.11. The company has a quick ratio of 0.33, a current ratio of 0.46 and a debt-to-equity ratio of 8.00. Cimpress has a fifty-two week low of $73.74 and a fifty-two week high of $134.37. The firm’s 50 day moving average price is $122.32 and its 200 day moving average price is $99.08.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.74. The business had revenue of $674.71 million during the quarter, compared to the consensus estimate of $657.51 million. Cimpress had a return on equity of 85.75% and a net margin of 3.46%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. On average, analysts anticipate that Cimpress will post 3.35 EPS for the current fiscal year.

In other Cimpress news, EVP Donald Leblanc sold 6,653 shares of Cimpress stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $116.81, for a total transaction of $777,136.93. Following the transaction, the executive vice president now owns 18,227 shares of the company’s stock, valued at approximately $2,129,095.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 18.40% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of CMPR. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Cimpress by 18.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,858 shares of the business services provider’s stock worth $169,000 after purchasing an additional 288 shares during the period. M&T Bank Corp raised its holdings in shares of Cimpress by 6.8% in the 2nd quarter. M&T Bank Corp now owns 4,899 shares of the business services provider’s stock worth $445,000 after purchasing an additional 310 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Cimpress by 6.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,939 shares of the business services provider’s stock worth $449,000 after purchasing an additional 313 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Cimpress by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,639 shares of the business services provider’s stock worth $422,000 after purchasing an additional 417 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cimpress by 0.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 76,160 shares of the business services provider’s stock worth $6,923,000 after purchasing an additional 454 shares during the period. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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