Cimpress (NASDAQ:CMPR) Rating Lowered to Buy at Wall Street Zen

Cimpress (NASDAQ:CMPR) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently commented on CMPR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. Truist Financial reduced their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday. Barrington Research raised their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $110.50.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $98.70 on Friday. Cimpress has a 1 year low of $48.51 and a 1 year high of $106.57. The firm’s 50 day moving average price is $96.00 and its 200 day moving average price is $84.71. The firm has a market cap of $2.39 billion, a P/E ratio of 26.18 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The firm had revenue of $944.96 million during the quarter, compared to analysts’ expectations of $945.53 million. As a group, equities analysts predict that Cimpress will post 4.51 EPS for the current year.

Insider Buying and Selling at Cimpress

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

Institutional Trading of Cimpress

Institutional investors have recently modified their holdings of the company. Rubric Capital Management LP raised its stake in shares of Cimpress by 110.3% in the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after acquiring an additional 619,360 shares during the period. Wasatch Advisors LP acquired a new position in shares of Cimpress during the 2nd quarter valued at $47,545,000. Janus Henderson Group PLC boosted its position in Cimpress by 8.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock worth $241,083,000 after purchasing an additional 272,260 shares during the period. AQR Capital Management LLC boosted its position in Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after purchasing an additional 139,482 shares during the period. Finally, Smith Thomas W acquired a new stake in Cimpress in the 4th quarter valued at $8,617,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.