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

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

Several other equities analysts have also commented on CMPR. Barrington Research set a $121.00 price objective on shares of Cimpress in a research report on Tuesday. Wall Street Zen downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Truist Financial lowered their price target on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Three equities research 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, Cimpress has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Cimpress Price Performance

NASDAQ:CMPR opened at $94.46 on Thursday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 25.06 and a beta of 1.80. Cimpress has a 1 year low of $56.34 and a 1 year high of $106.57. The stock’s 50 day simple moving average is $95.63 and its two-hundred day simple moving average is $85.95.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The firm had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. As a group, analysts anticipate that Cimpress will post 4.45 EPS for the current year.

Insider Buying and Selling at Cimpress

In other news, EVP Sean Edward Quinn sold 5,009 shares of the stock in a transaction 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 sale, the executive vice president owned 28,937 shares of the company’s stock, valued at approximately $3,015,814.14. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer owned 76,177 shares of the company’s stock, valued at $7,319,847.93. This trade represents a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,489 shares of company stock worth $3,550,561 in the last 90 days. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

Several institutional investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Cimpress during the second quarter valued at approximately $50,829,000. Wasatch Advisors LP purchased a new stake in shares of Cimpress in the second quarter worth approximately $47,545,000. Handelsbanken Fonder AB lifted its stake in shares of Cimpress by 3.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock worth $701,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Cimpress during the 2nd quarter worth approximately $33,000. Finally, Contravisory Investment Management Inc. purchased a new position in Cimpress during the 2nd quarter valued at $284,000. Institutional investors own 77.64% of the company’s stock.

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.