Cimpress plc (NASDAQ:CMPR) Receives Consensus Recommendation of “Buy” from Brokerages

Cimpress plc (NASDAQ:CMPR) has received an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $111.50.

CMPR has been the subject of a number of analyst reports. Barrington Research raised their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th. Truist Financial set a $110.00 price target on Cimpress in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th.

Insiders Place Their Bets

In related news, EVP Sean Edward Quinn sold 5,009 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was 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 directly owned 28,937 shares in the company, valued at $3,015,814.14. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. This represents a 49.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is owned by corporate insiders.

Institutional Trading of Cimpress

A number of institutional investors have recently bought and sold shares of CMPR. Rubric Capital Management LP lifted its position in Cimpress by 110.3% in the third quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock worth $74,437,000 after buying an additional 619,360 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares during the period. Janus Henderson Group PLC increased its stake in Cimpress by 8.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock worth $241,083,000 after purchasing an additional 272,260 shares during the period. AQR Capital Management LLC increased its stake in Cimpress by 89.0% in the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after purchasing an additional 139,482 shares during the period. Finally, Smith Thomas W purchased a new stake in Cimpress in the fourth quarter worth $8,617,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Stock Performance

NASDAQ CMPR opened at $91.92 on Monday. The company has a market capitalization of $2.23 billion, a P/E ratio of 51.64 and a beta of 1.80. Cimpress has a one year low of $42.08 and a one year high of $106.13. The stock has a 50 day moving average price of $90.87 and a 200-day moving average price of $79.81.

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. The firm had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. As a group, equities analysts predict that Cimpress will post 3.81 EPS for the current fiscal year.

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.