Zacks Research Downgrades Cimpress (NASDAQ:CMPR) to Hold

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

Several other brokerages have also recently issued reports on CMPR. Truist Financial set a $110.00 price objective on Cimpress in a research note on Friday. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Barrington Research boosted their price objective on Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Cimpress Stock Performance

NASDAQ CMPR opened at $91.83 on Monday. The business has a fifty day moving average price of $75.41 and a 200 day moving average price of $72.88. The company has a market cap of $2.23 billion, a P/E ratio of 51.59 and a beta of 1.79. Cimpress has a one year low of $39.11 and a one year high of $96.00.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a negative return on equity of 8.11% and a net margin of 1.24%.The company had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. As a group, sell-side analysts predict that Cimpress will post 3.41 EPS for the current fiscal year.

Institutional Trading of Cimpress

Several institutional investors and hedge funds have recently made changes to their positions in CMPR. Allspring Global Investments Holdings LLC increased its stake in Cimpress by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,597 shares of the business services provider’s stock valued at $1,007,000 after purchasing an additional 1,403 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Cimpress by 4.9% during the first quarter. Sequoia Financial Advisors LLC now owns 76,579 shares of the business services provider’s stock worth $5,590,000 after acquiring an additional 3,569 shares during the last quarter. Hsbc Holdings PLC increased its stake in Cimpress by 90.5% during the first quarter. Hsbc Holdings PLC now owns 6,643 shares of the business services provider’s stock worth $486,000 after acquiring an additional 3,156 shares during the last quarter. Mayfair Advisory Group LLC acquired a new stake in Cimpress during the first quarter worth about $215,000. Finally, Virtu Financial LLC acquired a new stake in Cimpress during the fourth quarter worth about $410,000. 77.64% of the stock is currently 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.