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

StockNews.com cut shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research note published on Monday morning.

A number of other brokerages have also commented on CMPR. Truist Financial increased their price objective on Cimpress from $110.00 to $120.00 and gave the company a buy rating in a research report on Friday, August 2nd. Barrington Research increased their price target on Cimpress from $113.00 to $119.00 and gave the company an outperform rating in a research note on Tuesday, August 27th.

Cimpress Stock Performance

Shares of CMPR opened at $81.85 on Monday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.67 and a beta of 2.03. The business’s fifty day moving average price is $86.14 and its two-hundred day moving average price is $87.40. Cimpress has a 52 week low of $57.01 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $3.56. The firm had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. As a group, research analysts forecast that Cimpress will post 4.4 EPS for the current year.

Insider Activity

In other news, CEO Robert S. Keane sold 396 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following 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 document filed with the SEC, which is available through this hyperlink. In related news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the sale, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,116 shares of company stock valued at $7,019,606 in the last 90 days. 17.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in Cimpress by 9,821.4% during the 1st 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 last quarter. Hantz Financial Services Inc. acquired a new position in Cimpress during the second quarter worth $12,696,000. Marshall Wace LLP boosted its holdings in Cimpress by 649.8% during 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 during the last quarter. Hennessy Advisors Inc. bought a new position in Cimpress in the second quarter valued at $8,034,000. Finally, Vanguard Group Inc. increased its stake in Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after buying an additional 91,543 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.