Cimpress plc (NASDAQ:CMPR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cimpress plc (NASDAQ:CMPR) has been given an average rating of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $111.50.

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Barrington Research lifted their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Truist Financial set a $110.00 price target on shares of Cimpress in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th.

Cimpress Trading Down 1.3%

Shares of NASDAQ:CMPR opened at $96.02 on Thursday. Cimpress has a 12 month low of $42.05 and a 12 month high of $106.13. The company has a 50-day moving average price of $86.09 and a 200 day moving average price of $77.37. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 53.94 and a beta of 1.80.

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

Insider Buying and Selling

In other news, EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the sale, the executive vice president directly owned 19,674 shares of the company’s stock, valued at $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the sale, the executive vice president directly owned 28,937 shares in the company, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,240 shares of company stock valued at $4,715,549 in the last three months. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 177 shares during the period. Quantinno Capital Management LP lifted its holdings in Cimpress by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after buying an additional 189 shares in the last quarter. Ieq Capital LLC lifted its holdings in Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock worth $3,866,000 after buying an additional 220 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Cimpress by 2.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after buying an additional 225 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Cimpress by 1.3% during the 4th quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock worth $1,230,000 after buying an additional 233 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

About Cimpress

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.