Cimpress (NASDAQ:CMPR) Rating Increased to Strong-Buy at Wall Street Zen

Cimpress (NASDAQ:CMPR) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

A number of other brokerages have also recently issued reports on CMPR. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Barrington Research lifted their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $111.50.

Cimpress Stock Down 1.8%

NASDAQ:CMPR opened at $88.88 on Friday. The company has a fifty day moving average of $88.79 and a 200-day moving average of $78.58. The firm has a market capitalization of $2.15 billion, a P/E ratio of 49.93 and a beta of 1.80. Cimpress has a twelve month low of $42.05 and a twelve month high of $106.13.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.40. The company had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, analysts anticipate that Cimpress will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sean Edward Quinn sold 5,009 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was 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 in the company, valued at $3,015,814.14. This trade represents a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 47,240 shares of company stock valued at $4,715,549. Company insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV purchased a new position in shares of Cimpress in the 1st quarter worth about $30,000. Allworth Financial LP boosted its holdings in shares of Cimpress by 250.0% in the 3rd 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 last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after buying an additional 177 shares during the last quarter. Quarry LP purchased a new position in shares of Cimpress in the 3rd quarter worth about $55,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the last quarter. 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.