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

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

Other equities analysts have also issued reports about the stock. Barrington Research boosted their price target on shares of Cimpress from $100.00 to $113.00 and gave the company an outperform rating in a research report on Monday, February 5th. Truist Financial raised their price target on Cimpress from $90.00 to $110.00 and gave the company a buy rating in a report on Friday, February 2nd.

Cimpress Trading Up 0.4 %

NASDAQ CMPR opened at $83.40 on Monday. Cimpress has a 1-year low of $42.84 and a 1-year high of $100.01. The stock’s 50 day moving average is $90.76 and its two-hundred day moving average is $80.75. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.13 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last announced 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). Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. The company had revenue of $780.59 million during the quarter, compared to the consensus estimate of $782.65 million. During the same quarter last year, the company earned ($0.97) earnings per share. On average, analysts predict that Cimpress will post 3.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Florian Baumgartner sold 3,410 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the completion of the sale, the chief executive officer now owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cimpress news, EVP Maarten Wensveen sold 1,651 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total transaction of $148,590.00. Following the transaction, the executive vice president now directly owns 10,779 shares in the company, valued at approximately $970,110. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Florian Baumgartner sold 3,410 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $84.83, for a total transaction of $289,270.30. Following the sale, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,292 shares of company stock valued at $2,319,309. Insiders own 17.90% of the company’s stock.

Institutional Trading of Cimpress

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Cimpress by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock worth $137,726,000 after purchasing an additional 89,931 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cimpress by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock worth $38,905,000 after buying an additional 6,902 shares during the period. Acadian Asset Management LLC increased its stake in shares of Cimpress by 37.8% in the 3rd quarter. Acadian Asset Management LLC now owns 289,394 shares of the business services provider’s stock valued at $20,247,000 after acquiring an additional 79,340 shares during the last quarter. Norges Bank bought a new position in Cimpress during the 4th quarter worth approximately $9,433,000. Finally, Federated Hermes Inc. increased its stake in Cimpress by 28.3% in the third quarter. Federated Hermes Inc. now owns 107,856 shares of the business services provider’s stock valued at $7,551,000 after purchasing an additional 23,788 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

About Cimpress

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.