Zacks Investment Research Upgrades Cimpress N.V (NASDAQ:CMPR) to “Hold”

Cimpress N.V (NASDAQ:CMPR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, October 16th. The firm presently has a $118.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 8.69% from the stock’s previous close.

According to Zacks, “Cimpress faces significant competition and margin pressure from traditional graphic design and printing firms and other online suppliers. Moreover, increasingly advanced desktop publishing software and more capable desktop printers offer small businesses another cost-effective solution for their marketing needs. Headwinds in currency translation could add to the woes as almost half of its revenues are generated outside the United States. However, 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.”

CMPR has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Cimpress N.V in a research note on Monday, June 26th. BidaskClub raised shares of Cimpress N.V from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. ValuEngine lowered shares of Cimpress N.V from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $85.00 target price on shares of Cimpress N.V in a research note on Wednesday, August 16th. Finally, Barrington Research raised shares of Cimpress N.V from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Monday, September 18th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cimpress N.V presently has a consensus rating of “Hold” and a consensus target price of $93.57.

Cimpress N.V (CMPR) traded up 0.53% during mid-day trading on Monday, hitting $108.57. The stock had a trading volume of 175,249 shares. The company’s market cap is $3.40 billion. Cimpress N.V has a one year low of $78.80 and a one year high of $109.23. The company has a 50 day moving average price of $100.32 and a 200-day moving average price of $92.50.

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In other Cimpress N.V news, insider Katryn Blake sold 1,501 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $95.00, for a total transaction of $142,595.00. Following the sale, the insider now directly owns 10,810 shares in the company, valued at approximately $1,026,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean Edward Quinn sold 1,659 shares of Cimpress N.V stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total transaction of $165,900.00. Following the completion of the sale, the chief financial officer now owns 1,526 shares in the company, valued at $152,600. 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 three months. 11.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio raised its holdings in shares of Cimpress N.V by 57.1% in the second quarter. Strs Ohio now owns 1,100 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 400 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of Cimpress N.V in the second quarter valued at approximately $217,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cimpress N.V in the first quarter valued at approximately $218,000. Ameritas Investment Partners Inc. raised its holdings in shares of Cimpress N.V by 20.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,620 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 453 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Cimpress N.V by 1.7% in the second quarter. D.A. Davidson & CO. now owns 3,109 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 52 shares during the last quarter. 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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