StockNews.com Upgrades Cimpress (NASDAQ:CMPR) to “Strong-Buy”

Cimpress (NASDAQ:CMPR) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

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

Cimpress Stock Up 3.2 %

Cimpress stock opened at $71.25 on Thursday. The firm has a market capitalization of $1.80 billion, a PE ratio of 12.24, a P/E/G ratio of 0.64 and a beta of 2.03. Cimpress has a 52 week low of $58.01 and a 52 week high of $104.92. The firm’s 50-day simple moving average is $83.47 and its 200 day simple moving average is $85.80.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $0.77 by $3.56. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. The business had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. On average, research analysts expect that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,116 shares of company stock worth $7,019,606 in the last 90 days. 17.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cimpress

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Cimpress during the third quarter worth about $7,582,000. CWM LLC grew its holdings in Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after acquiring an additional 427 shares in the last quarter. Diversified Trust Co grew its stake in Cimpress by 54.0% in the third quarter. Diversified Trust Co now owns 4,840 shares of the business services provider’s stock worth $396,000 after purchasing an additional 1,697 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Cimpress by 14.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider’s stock valued at $516,000 after acquiring an additional 800 shares during the last quarter. Finally, Creative Planning increased its stake in Cimpress by 10.5% during the second quarter. Creative Planning now owns 7,492 shares of the business services provider’s stock valued at $656,000 after purchasing an additional 710 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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.