Cimpress (NASDAQ:CMPR) Stock Moved Down to “Strong Sell” by Zacks Research

Cimpress (NASDAQ:CMPR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research firms have also recently weighed in on CMPR. Truist Financial cut their price objective on Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Weiss Ratings cut Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Barrington Research dropped their target price on shares of Cimpress from $121.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. Finally, Wall Street Zen lowered shares of Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cimpress presently has an average rating of “Hold” and a consensus target price of $96.00.

Cimpress Stock Up 2.4%

Shares of NASDAQ CMPR opened at $56.52 on Monday. Cimpress has a twelve month low of $53.89 and a twelve month high of $106.57. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 16.82 and a beta of 1.90. The company’s fifty day moving average is $75.97 and its 200-day moving average is $83.56.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, October 28th. The business services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91). The firm had revenue of $934.05 million during the quarter, compared to the consensus estimate of $934.18 million. Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. On average, research analysts anticipate that Cimpress will post 3.73 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction on Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the sale, the chief executive officer directly owned 764,000 shares in the company, valued at approximately $64,848,320. The trade was a 2.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Cimpress by 2.6% in the first quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock valued at $271,063,000 after buying an additional 92,764 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of Cimpress by 6.8% in the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after purchasing an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Cimpress during the second quarter worth about $50,829,000. Wasatch Advisors LP bought a new position in Cimpress during the second quarter worth about $47,545,000. Finally, Dimensional Fund Advisors LP increased its position in Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after buying an additional 18,262 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress N.V. is a mass-customization company that uses technology and manufacturing capabilities to produce customized products for businesses and consumers. Its offerings include printed marketing materials, business cards, signage, packaging, apparel and promotional products. The company operates a portfolio of businesses serving customers through online platforms, including Vistaprint and National Pen. These brands offer tools that let customers personalize products with their own designs or select from available templates.