Cimpress (NASDAQ:CMPR) Cut to Strong Sell at Zacks Research

Cimpress (NASDAQ:CMPR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

CMPR has been the topic of a number of other reports. Barrington Research decreased their price objective on Cimpress from $121.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. Weiss Ratings downgraded Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Truist Financial dropped their target price on Cimpress from $108.00 to $90.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.00.

Cimpress Stock Up 2.4%

Cimpress stock opened at $56.52 on Monday. The stock has a market cap of $1.39 billion, a P/E ratio of 16.82 and a beta of 1.90. Cimpress has a twelve month low of $53.89 and a twelve month high of $106.57. The company’s 50-day moving average price is $75.97 and its two-hundred day moving average price is $83.56.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91). The firm had revenue of $934.05 million for the quarter, compared to the consensus estimate of $934.18 million. Cimpress had a negative return on equity of 17.64% and a net margin of 2.25%. Equities analysts anticipate that Cimpress will post 3.73 earnings per share for the current fiscal year.

Insider Transactions at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares of the company’s stock, valued at $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of Cimpress

A number of institutional investors have recently modified their holdings of CMPR. Janus Henderson Group PLC grew its holdings in shares of Cimpress by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after purchasing an additional 92,764 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock worth $118,948,000 after purchasing an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Cimpress in the second quarter valued at about $50,829,000. Wasatch Advisors LP acquired a new position in Cimpress in the second quarter valued at about $47,545,000. Finally, Dimensional Fund Advisors LP raised its stake in Cimpress by 4.3% in the first 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 in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Company Profile

Cimpress N.V. is a mass-customization company that uses technology and manufacturing capabilities to produce customized products for businesses and consumers. Its offerings include printed marketing materials, business cards, signage, packaging, apparel and promotional products. The company operates a portfolio of businesses serving customers through online platforms, including Vistaprint and National Pen. These brands offer tools that let customers personalize products with their own designs or select from available templates.