Cimpress N.V (CMPR) Downgraded to “Hold” at Zacks Investment Research
Cimpress N.V (NASDAQ:CMPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Cimpress has outperformed the industry year to date. It is making steady progress with investments in new markets and the business strategy is now focused on quality products and delivery, increased customer service and more transparent pricing. Management has also decided to implement a radical change in the organizational structure by decentralizing operations in order to improve accountability for customer satisfaction and capital returns, simplify decision-making and improve the speed of execution. However, headwinds in currency translation could add to the woes as almost half of its revenues are generated outside the United States. Moreover, increasingly advanced desktop publishing software and more capable desktop printers offer small businesses another cost-effective solution for their marketing needs. Margin pressures remain another significant headwind for the company.”
Several other analysts have also recently weighed in on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $85.00 price objective on shares of Cimpress N.V in a research note on Wednesday, August 16th. ValuEngine cut shares of Cimpress N.V from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub cut shares of Cimpress N.V from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Barrington Research upgraded shares of Cimpress N.V from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Monday, September 18th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cimpress N.V has an average rating of “Hold” and a consensus target price of $93.57.
Cimpress N.V (NASDAQ:CMPR) traded down 0.60% on Wednesday, hitting $107.10. 180,161 shares of the stock traded hands. The firm’s 50 day moving average is $99.92 and its 200 day moving average is $92.39. The stock’s market cap is $3.35 billion. Cimpress N.V has a 52 week low of $78.80 and a 52 week high of $109.23.
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In other Cimpress N.V news, CFO Sean Edward Quinn sold 1,659 shares of Cimpress N.V stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $100.00, for a total value of $165,900.00. Following the completion of the sale, the chief financial officer now owns 1,526 shares in the company, valued at approximately $152,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katryn Blake sold 473 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $42,570.00. Following the completion of the transaction, the insider now directly owns 12,311 shares in the company, valued at $1,107,990. The disclosure for this sale can be found here. Insiders sold a total of 24,475 shares of company stock valued at $2,435,265 in the last quarter. Corporate insiders own 11.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CMPR. Bank of New York Mellon Corp increased its holdings in Cimpress N.V by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 123,450 shares of the business services provider’s stock valued at $10,640,000 after buying an additional 2,659 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Cimpress N.V by 38.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 11,920 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 3,337 shares during the period. Principal Financial Group Inc. increased its holdings in Cimpress N.V by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 3,588 shares of the business services provider’s stock valued at $309,000 after buying an additional 46 shares during the period. Teachers Advisors LLC increased its holdings in Cimpress N.V by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 49,905 shares of the business services provider’s stock valued at $4,301,000 after buying an additional 1,250 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Cimpress N.V by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 1,575,872 shares of the business services provider’s stock valued at $135,824,000 after buying an additional 47,128 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
Cimpress N.V Company Profile
Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.
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