Cimpress (CMPR) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Cimpress (NASDAQ:CMPR) from a strong sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Cimpress is passing through a transition as it attempts to change its operating model. Margin pressures remain a significant headwind for the company owing to lower Vistaprint margins. Headwinds in currency translation could add to the woes as almost half of its revenues are generated outside the United States. Cimpress is also likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. However, it is making steady progress with investments in new markets and the business strategy is now focused on quality products and delivery, increased customer service and more transparent pricing. Management has also decided to implement a radical change in the organizational structure by decentralizing operations in order to improve accountability, simplify decision-making and improve the speed of execution. Cimpress has outperformed the industry in the last three months.”

A number of other analysts have also recently issued reports on the company. BidaskClub raised Cimpress from a hold rating to a buy rating in a research report on Thursday, January 4th. ValuEngine cut Cimpress from a hold rating to a sell rating in a research report on Sunday, December 31st. Barrington Research reissued a buy rating and set a $125.00 price objective (up previously from $110.00) on shares of Cimpress in a research report on Tuesday, November 14th. Finally, SunTrust Banks reissued a hold rating and set a $113.00 price objective on shares of Cimpress in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $109.40.

Shares of Cimpress (NASDAQ:CMPR) traded up $5.27 during trading on Tuesday, hitting $132.76. The stock had a trading volume of 236,234 shares, compared to its average volume of 178,591. The firm has a market capitalization of $3,957.44, a PE ratio of -189.66, a PEG ratio of 5.71 and a beta of 0.13. Cimpress has a 1-year low of $78.80 and a 1-year high of $132.90. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 10.73.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.10. Cimpress had a negative return on equity of 10.71% and a negative net margin of 0.85%. research analysts anticipate that Cimpress will post 1.69 earnings per share for the current fiscal year.

In other Cimpress news, CFO Sean Edward Quinn sold 743 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $121.66, for a total transaction of $90,393.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert S. Keane sold 6,251 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $120.13, for a total value of $750,932.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,645 shares of company stock worth $11,353,735. Corporate insiders own 11.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amussen Hunsaker & Associates LLC bought a new position in Cimpress during the second quarter valued at about $6,458,000. Schwab Charles Investment Management Inc. raised its holdings in Cimpress by 11.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 75,564 shares of the business services provider’s stock valued at $7,144,000 after buying an additional 7,973 shares in the last quarter. Teachers Advisors LLC raised its holdings in Cimpress by 2.2% during the second quarter. Teachers Advisors LLC now owns 51,022 shares of the business services provider’s stock valued at $4,823,000 after buying an additional 1,117 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Cimpress by 14.8% during the second quarter. UBS Asset Management Americas Inc. now owns 13,686 shares of the business services provider’s stock valued at $1,294,000 after buying an additional 1,766 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Cimpress during the third quarter valued at about $2,353,000.

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About Cimpress

Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.

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