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

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 Monday morning.

Other equities research analysts have also recently issued research reports about the company. Barrington Research boosted their target price on Cimpress from $100.00 to $113.00 and gave the stock an outperform rating in a research note on Monday, February 5th. Truist Financial boosted their price objective on shares of Cimpress from $90.00 to $110.00 and gave the stock a buy rating in a research report on Friday, February 2nd.

Cimpress Stock Up 0.7 %

NASDAQ CMPR opened at $84.83 on Monday. Cimpress has a 52 week low of $42.84 and a 52 week high of $100.01. The firm has a 50 day moving average of $90.38 and a two-hundred day moving average of $80.94. The stock has a market capitalization of $2.16 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. The firm had revenue of $780.59 million for the quarter, compared to analyst estimates of $782.65 million. During the same quarter in the previous year, the firm posted ($0.97) EPS. On average, equities research analysts expect that Cimpress will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Florian Baumgartner sold 3,410 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $84.83, for a total value of $289,270.30. Following the completion of the sale, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Maarten Wensveen sold 1,651 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the transaction, the executive vice president now owns 10,779 shares of the company’s stock, valued at $970,110. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Florian Baumgartner sold 3,410 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the sale, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,292 shares of company stock valued at $2,319,309 over the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CMPR. DekaBank Deutsche Girozentrale purchased a new stake in shares of Cimpress in the third quarter valued at about $88,000. Contravisory Investment Management Inc. purchased a new stake in Cimpress in the 4th quarter valued at approximately $185,000. Principal Financial Group Inc. acquired a new position in Cimpress during the 1st quarter worth approximately $200,000. Crestwood Advisors Group LLC purchased a new position in shares of Cimpress during the 3rd quarter worth approximately $210,000. Finally, Olympiad Research LP acquired a new stake in shares of Cimpress in the 4th quarter valued at approximately $212,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Company Profile

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.