Wall Street Zen Downgrades Cimpress (NASDAQ:CMPR) to Hold

Cimpress (NASDAQ:CMPR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also commented on the company. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Truist Financial decreased their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Barrington Research set a $121.00 price target on shares of Cimpress in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Cimpress has an average rating of “Moderate Buy” and an average price target of $114.50.

Cimpress Price Performance

Cimpress stock opened at $94.46 on Friday. Cimpress has a one year low of $56.34 and a one year high of $106.57. The business’s fifty day moving average is $95.63 and its 200 day moving average is $86.00. The stock has a market capitalization of $2.30 billion, a PE ratio of 25.06 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. As a group, sell-side analysts expect that Cimpress will post 4.45 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other news, CEO Robert S. Keane sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total transaction of $624,585.00. Following the completion of the transaction, the chief executive officer directly owned 76,177 shares in the company, valued at approximately $7,319,847.93. This represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sean Edward Quinn sold 5,009 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the completion of the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at approximately $3,015,814.14. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,489 shares of company stock worth $3,550,561 over the last quarter. 10.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Cimpress in the second quarter valued at $33,000. KBC Group NV bought a new position in shares of Cimpress during the first quarter valued at approximately $30,000. Allworth Financial LP raised its holdings in shares of Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after acquiring an additional 177 shares during the last quarter. Finally, Quarry LP purchased a new position in Cimpress during the 3rd quarter valued at $55,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.