Cimpress plc (NASDAQ:CMPR) Receives $114.50 Consensus Target Price from Analysts

Shares of Cimpress plc (NASDAQ:CMPR) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $114.50.

Several equities research analysts recently commented on CMPR shares. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial dropped their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barrington Research set a $121.00 target price on Cimpress in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th.

Insider Activity

In other news, EVP Sean Edward Quinn sold 5,009 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $3,015,814.14. This represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert S. Keane sold 6,500 shares of the firm’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 transaction of $624,585.00. Following the sale, the chief executive officer owned 76,177 shares of the company’s stock, valued at $7,319,847.93. This represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,489 shares of company stock valued at $3,550,561. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMPR. California State Teachers Retirement System grew its holdings in shares of Cimpress by 10,452.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,799,073 shares of the business services provider’s stock worth $182,966,000 after purchasing an additional 1,782,024 shares during the period. AXQ Capital LP acquired a new position in Cimpress in the second quarter valued at about $449,000. Headlands Technologies LLC purchased a new position in Cimpress during the second quarter worth about $764,000. Public Employees Retirement System of Ohio purchased a new position in Cimpress during the second quarter worth about $45,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Cimpress during the second quarter valued at about $50,829,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Down 0.2%

Shares of NASDAQ CMPR opened at $87.52 on Tuesday. The stock has a market cap of $2.13 billion, a PE ratio of 23.21 and a beta of 1.80. Cimpress has a 12-month low of $56.34 and a 12-month high of $106.57. The company has a 50-day moving average of $95.54 and a 200 day moving average of $86.46.

Cimpress (NASDAQ:CMPR) last released its earnings results 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 business had revenue of $944.96 million during the quarter, compared to analysts’ expectations of $945.53 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%. On average, sell-side analysts forecast that Cimpress will post 4.38 EPS 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.