Cimpress (NASDAQ:CMPR) Stock Rating Lowered by StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other analysts also recently commented on the company. Barrington Research raised their target price on Cimpress from $100.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Truist Financial raised their target price on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 2nd.

Cimpress Stock Up 0.4 %

Cimpress stock traded up $0.31 during trading hours on Monday, reaching $83.40. 120,983 shares of the company’s stock were exchanged, compared to its average volume of 158,317. The firm’s 50 day simple moving average is $90.96 and its 200 day simple moving average is $80.59. Cimpress has a twelve month low of $42.84 and a twelve month high of $100.01. The firm has a market capitalization of $2.12 billion, a PE ratio of 25.74, a PEG ratio of 1.13 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last issued 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). The business had revenue of $780.59 million for the quarter, compared to analyst estimates of $782.65 million. Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. During the same quarter in the previous year, the business posted ($0.97) earnings per share. Analysts anticipate that Cimpress will post 3.07 EPS for the current year.

Insider Activity at Cimpress

In related news, EVP Maarten Wensveen sold 1,651 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $148,590.00. Following the transaction, the executive vice president now owns 10,779 shares of the company’s stock, valued at approximately $970,110. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cimpress news, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction that occurred on 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 owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Florian Baumgartner sold 5,683 shares of Cimpress stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $89.97, for a total transaction of $511,299.51. Following the transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at approximately $3,040,356.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,292 shares of company stock valued at $2,319,309. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently modified their holdings of CMPR. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Cimpress in the 3rd quarter worth approximately $257,000. Allspring Global Investments Holdings LLC lifted its stake in Cimpress by 26.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 103,392 shares of the business services provider’s stock valued at $7,238,000 after purchasing an additional 21,693 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in Cimpress by 0.6% in the third quarter. Ingalls & Snyder LLC now owns 93,797 shares of the business services provider’s stock valued at $6,567,000 after purchasing an additional 557 shares during the last quarter. Capula Management Ltd purchased a new position in Cimpress in the third quarter valued at approximately $1,081,000. Finally, Swiss National Bank lifted its stake in Cimpress by 1.1% in the third quarter. Swiss National Bank now owns 37,600 shares of the business services provider’s stock valued at $2,632,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.