Cimpress (NASDAQ:CMPR) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report released on Saturday.

A number of other analysts also recently issued reports on CMPR. Barrington Research lifted their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. Finally, Truist Financial cut their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $110.50.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $99.24 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of 26.32 and a beta of 1.79. Cimpress has a 1-year low of $48.51 and a 1-year high of $106.57. The firm’s 50 day simple moving average is $95.93 and its two-hundred day simple moving average is $84.86.

Cimpress (NASDAQ:CMPR) last announced 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 net margin of 2.57% and a negative return on equity of 18.24%. The firm had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. On average, sell-side analysts anticipate that Cimpress will post 4.51 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn sold 22,980 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the sale, the executive vice president owned 28,937 shares of the company’s stock, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

A number of large investors have recently modified their holdings of CMPR. KBC Group NV purchased a new position in Cimpress during the 1st quarter worth $30,000. Financial Management Professionals Inc. purchased a new stake in shares of Cimpress in the 2nd quarter worth $33,000. Allworth Financial LP grew its position in shares of Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Cimpress during the second quarter valued at $51,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.