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

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

A number of other brokerages have also recently commented on CMPR. Barrington Research increased their price target on shares of Cimpress from $100.00 to $113.00 and gave the company an outperform rating in a research note on Monday, February 5th. Truist Financial raised their target price on shares of Cimpress from $90.00 to $110.00 and gave the company a buy rating in a research note on Friday, February 2nd.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $87.28 on Monday. The business has a 50-day moving average of $90.16 and a 200-day moving average of $80.98. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.13 and a beta of 1.94. Cimpress has a fifty-two week low of $42.84 and a fifty-two week high of $100.01.

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

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total value of $527,439.23. Following the transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total transaction of $527,439.23. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the sale, the executive vice president now owns 10,779 shares of the company’s stock, valued at approximately $970,110. The disclosure for this sale can be found here. Insiders sold 25,292 shares of company stock valued at $2,319,309 in the last quarter. 17.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

A number of large investors have recently bought and sold shares of CMPR. DekaBank Deutsche Girozentrale bought a new stake in Cimpress during the third quarter worth $88,000. Contravisory Investment Management Inc. bought a new stake in shares of Cimpress during the 4th quarter worth $185,000. Principal Financial Group Inc. acquired a new stake in Cimpress in the first quarter valued at about $200,000. Crestwood Advisors Group LLC bought a new position in Cimpress in the third quarter valued at about $210,000. Finally, Olympiad Research LP acquired a new position in Cimpress during the fourth quarter worth about $212,000. 77.64% of the stock is currently 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.