Cimpress (NASDAQ:CMPR) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Cimpress (NASDAQ:CMPR) from a buy rating to a hold rating in a research report report published on Saturday morning.

CMPR has been the topic of several other research reports. Barrington Research set a $121.00 target price on Cimpress in a research report on Tuesday. Weiss Ratings upgraded Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Truist Financial decreased their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.50.

Cimpress Stock Down 3.0%

NASDAQ CMPR opened at $94.46 on Friday. The company’s 50 day moving average is $95.63 and its 200-day moving average is $85.95. Cimpress has a 12-month low of $56.34 and a 12-month high of $106.57. The firm has a market cap of $2.30 billion, a P/E ratio of 25.06 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data 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 18.83% and a net margin of 2.57%.The business had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Equities analysts expect that Cimpress will post 4.45 EPS for the current year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total transaction of $624,585.00. Following the sale, the chief executive officer owned 76,177 shares in the company, valued at $7,319,847.93. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,489 shares of company stock valued at $3,550,561 over the last quarter. 10.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cimpress

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Cimpress by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock valued at $32,627,000 after purchasing an additional 18,262 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in Cimpress in the fourth quarter worth $1,847,000. Wakefield Asset Management LLLP bought a new stake in Cimpress in the fourth quarter worth $1,066,000. Wasatch Advisors LP purchased a new stake in Cimpress during the second quarter valued at about $47,545,000. Finally, Rubric Capital Management LP boosted its position in Cimpress by 6.8% during the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after buying an additional 104,419 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.