Cimpress (NASDAQ:CMPR) Rating Lowered to Hold at Zacks Research

Cimpress (NASDAQ:CMPR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on CMPR. Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research set a $121.00 price target on shares of Cimpress in a research report on Tuesday. Truist Financial reduced their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.50.

Cimpress Stock Down 3.0%

Shares of CMPR opened at $94.46 on Thursday. The business has a 50-day simple moving average of $95.63 and a two-hundred day simple moving average of $85.95. Cimpress has a 52 week low of $56.34 and a 52 week high of $106.57. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 25.06 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). The company had revenue of $944.96 million for the quarter, compared to analysts’ expectations of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. On average, equities analysts anticipate that Cimpress will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total value of $624,585.00. Following the completion of the transaction, the chief executive officer directly owned 76,177 shares in the company, valued at $7,319,847.93. This represents a 7.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sean Edward Quinn sold 22,980 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the sale, the executive vice president directly owned 28,937 shares of the company’s stock, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 34,489 shares of company stock worth $3,550,561. 10.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Cimpress

Several institutional investors have recently bought and sold shares of CMPR. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Cimpress in the 2nd quarter worth $50,829,000. Wasatch Advisors LP bought a new position in shares of Cimpress during the 2nd quarter valued at about $47,545,000. Handelsbanken Fonder AB grew its position in shares of Cimpress by 3.0% during the second quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock valued at $701,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Cimpress during the second quarter valued at about $33,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Cimpress in the second quarter worth about $284,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.