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

Cimpress (NASDAQ:CMPR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Several other analysts have also commented on the company. Truist Financial increased their price objective on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barrington Research increased their price target on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th.

Cimpress Price Performance

Cimpress stock traded down $7.13 during trading hours on Thursday, reaching $69.01. The stock had a trading volume of 450,868 shares, compared to its average volume of 152,721. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.64 and a beta of 2.03. The business’s 50 day moving average price is $83.89 and its 200-day moving average price is $85.94. Cimpress has a 52 week low of $57.20 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. The firm had revenue of $832.61 million during the quarter, compared to analyst estimates of $832.90 million. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. On average, sell-side analysts forecast that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In related news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now owns 22,830 shares in the company, valued at $2,054,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Maarten Wensveen sold 1,317 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 in the company, valued at $2,054,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the transaction, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at $96,260,876.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its position in Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after purchasing an additional 519 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Cimpress in the first quarter worth about $200,000. Legacy Capital Group California Inc. purchased a new stake in shares of Cimpress during the 2nd quarter worth about $202,000. Optimist Retirement Group LLC acquired a new stake in shares of Cimpress during the 2nd quarter valued at about $204,000. Finally, GM Advisory Group LLC purchased a new position in shares of Cimpress in the 1st quarter valued at about $239,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.