Cimpress (NASDAQ:CMPR) Cut to Buy at StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on CMPR. Truist Financial boosted their price objective on Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barrington Research boosted their price objective on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 5th.

Cimpress Stock Performance

Cimpress stock opened at $84.24 on Monday. Cimpress has a 52 week low of $42.84 and a 52 week high of $100.01. The stock has a market capitalization of $2.14 billion, a P/E ratio of 26.00, a PEG ratio of 1.13 and a beta of 1.94. The stock has a 50-day simple moving average of $90.56 and a 200 day simple moving average of $80.91.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. The business had revenue of $780.59 million for the quarter, compared to the consensus estimate of $782.65 million. During the same quarter in the previous year, the business posted ($0.97) EPS. Research analysts forecast that Cimpress will post 3.07 earnings per share for the current year.

Insider Activity at Cimpress

In related news, CEO Florian Baumgartner sold 5,683 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $92.81, for a total value of $527,439.23. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the sale, the executive vice president now directly owns 10,779 shares in the company, valued at $970,110. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Florian Baumgartner sold 5,683 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total value of $527,439.23. Following the completion of the sale, the chief executive officer now owns 33,793 shares of the company’s stock, valued at $3,136,328.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,292 shares of company stock worth $2,319,309. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Cimpress by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock valued at $137,726,000 after purchasing an additional 89,931 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Cimpress by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock valued at $38,905,000 after purchasing an additional 6,902 shares in the last quarter. Acadian Asset Management LLC raised its position in Cimpress by 37.8% during the third quarter. Acadian Asset Management LLC now owns 289,394 shares of the business services provider’s stock valued at $20,247,000 after purchasing an additional 79,340 shares in the last quarter. Norges Bank acquired a new position in Cimpress during the fourth quarter valued at approximately $9,433,000. Finally, Federated Hermes Inc. raised its position in Cimpress by 28.3% during the third quarter. Federated Hermes Inc. now owns 107,856 shares of the business services provider’s stock valued at $7,551,000 after purchasing an additional 23,788 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Company Profile

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.