Zacks Investment Research upgraded shares of Cimpress N.V (NASDAQ:CMPR) from a hold rating to a buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $121.00 price objective on the business services provider’s stock.
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. In addition, Cimpress has been acquiring firms with complementary product offerings and expects to ramp up its revenues with operating synergies through economies of scale and technological collaboration to serve a wide spectrum of customers across the globe. 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.”
CMPR has been the topic of a number of other research reports. ValuEngine upgraded Cimpress N.V from a sell rating to a hold rating in a report on Friday, September 1st. Barrington Research upgraded Cimpress N.V from a market perform rating to an outperform rating and set a $110.00 price target on the stock in a report on Monday, September 18th. BidaskClub downgraded Cimpress N.V from a strong-buy rating to a buy rating in a report on Monday, July 24th. Cantor Fitzgerald restated a hold rating on shares of Cimpress N.V in a report on Monday, June 26th. Finally, SunTrust Banks, Inc. restated a hold rating and set a $85.00 price target on shares of Cimpress N.V in a report on Wednesday, August 16th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cimpress N.V currently has a consensus rating of Hold and an average price target of $93.57.
Cimpress N.V (NASDAQ:CMPR) traded up 0.53% during midday trading on Tuesday, reaching $108.57. The company had a trading volume of 175,249 shares. The company has a 50-day moving average price of $100.32 and a 200-day moving average price of $92.50. Cimpress N.V has a one year low of $78.80 and a one year high of $109.23. The stock’s market capitalization is $3.40 billion.
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In other Cimpress N.V news, CFO Sean Edward Quinn sold 1,659 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $100.00, for a total transaction of $165,900.00. Following the transaction, the chief financial officer now owns 1,526 shares in the company, valued at approximately $152,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katryn Blake sold 20,842 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $100.00, for a total value of $2,084,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,475 shares of company stock worth $2,435,265 in the last quarter. Company insiders own 11.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of CMPR. Bank of New York Mellon Corp boosted its position in shares of 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 worth $10,640,000 after purchasing an additional 2,659 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of 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 worth $1,027,000 after purchasing an additional 3,337 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 worth $309,000 after purchasing an additional 46 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of 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 worth $4,301,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 worth $135,824,000 after purchasing an additional 47,128 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
About Cimpress N.V
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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