Cimpress (NASDAQ:CMPR) Rating Lowered to “Buy” at StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research firms have also issued reports on CMPR. Truist Financial decreased their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barrington Research lifted 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.

Cimpress Stock Down 0.7 %

CMPR stock opened at $80.35 on Friday. Cimpress has a 12-month low of $58.05 and a 12-month high of $104.92. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.63 and a beta of 2.05. The company has a 50 day moving average of $81.88 and a two-hundred day moving average of $85.49.

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

Insiders Place Their Bets

In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress 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 sale, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,116 shares of company stock valued at $7,019,606. Insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its stake in Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after buying an additional 154,785 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Cimpress in the second quarter valued at approximately $12,696,000. Marshall Wace LLP lifted its position in shares of Cimpress by 649.8% in the second quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock worth $9,405,000 after purchasing an additional 93,033 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress in the third quarter worth $7,582,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Cimpress in the second quarter worth $8,034,000. 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.