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

Cimpress plc (NASDAQ:CMPR) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $111.50.

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

Insider Activity

In related news, EVP Sean Edward Quinn sold 5,009 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the sale, the executive vice president owned 28,937 shares in the company, valued at $3,015,814.14. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 47,240 shares of company stock worth $4,715,549. Insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

A number of institutional investors have recently modified their holdings of CMPR. EverSource Wealth Advisors LLC grew its holdings in Cimpress by 27.7% in the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 177 shares during the period. Quantinno Capital Management LP grew its holdings in Cimpress by 2.7% in the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 189 shares during the period. Ieq Capital LLC grew its holdings in Cimpress by 0.4% in the fourth quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after purchasing an additional 220 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cimpress by 2.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 225 shares during the period. Finally, Cerity Partners LLC grew its holdings in Cimpress by 1.3% in the fourth quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock valued at $1,230,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Down 1.3%

Cimpress stock opened at $96.02 on Thursday. The firm has a market cap of $2.33 billion, a PE ratio of 53.94 and a beta of 1.80. Cimpress has a 52-week low of $42.05 and a 52-week high of $106.13. The company’s 50 day moving average is $86.09 and its two-hundred day moving average is $77.37.

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

Cimpress Company Profile

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.