Cimpress (NASDAQ:CMPR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report released on Friday morning.

CMPR has been the topic of a number of other reports. Truist Financial reduced their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barrington Research increased their target price on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th.

Cimpress Stock Down 0.9 %

Cimpress stock opened at $79.66 on Friday. The firm has a market cap of $2.00 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.69 and a beta of 2.05. Cimpress has a 52-week low of $58.05 and a 52-week high of $104.92. The company’s 50 day moving average is $81.50 and its two-hundred day moving average is $85.36.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The business had revenue of $804.97 million for the quarter, compared to analyst estimates of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities research analysts anticipate that Cimpress will post 4.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cimpress news, CEO Robert S. Keane sold 45,310 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the transaction, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares of the company’s stock, valued at $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the sale, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,116 shares of company stock valued at $7,019,606. Insiders own 17.80% of the company’s stock.

Institutional Trading of Cimpress

Several hedge funds and other institutional investors have recently made changes to their positions in CMPR. Lazard Asset Management LLC boosted its holdings in shares of Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after acquiring an additional 154,785 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Cimpress in the second quarter valued at about $12,696,000. Marshall Wace LLP boosted its holdings in shares of Cimpress by 649.8% in the second quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after acquiring an additional 93,033 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the third quarter valued at about $7,582,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Cimpress in the second quarter valued at about $8,034,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.