Cimpress (CMPR) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Cimpress (NASDAQ:CMPR) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

A number of other analysts have also recently weighed in on CMPR. Aegis upgraded shares of Cimpress from a sell rating to a hold rating and lowered their price target for the company from $110.00 to $75.00 in a report on Monday, March 11th. ValuEngine cut shares of Cimpress from a hold rating to a sell rating in a report on Thursday, January 31st. Zacks Investment Research cut shares of Cimpress from a hold rating to a strong sell rating in a report on Wednesday, January 2nd. Barrington Research set a $100.00 price target on shares of Cimpress and gave the company a buy rating in a report on Tuesday, March 19th. Finally, SunTrust Banks cut shares of Cimpress from a hold rating to a sell rating in a research note on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $110.33.

NASDAQ:CMPR opened at $88.00 on Friday. Cimpress has a fifty-two week low of $73.74 and a fifty-two week high of $157.45. The stock has a market capitalization of $2.70 billion, a PE ratio of 103.53, a PEG ratio of 2.13 and a beta of -0.10. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 8.65.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, January 30th. The business services provider reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.21). Cimpress had a net margin of 1.67% and a return on equity of 58.85%. The firm had revenue of $825.57 million during the quarter, compared to the consensus estimate of $854.97 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts forecast that Cimpress will post 2.55 EPS for the current year.

In related news, CFO Sean Edward Quinn bought 1,350 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $76.07 per share, for a total transaction of $102,694.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 18.40% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in Cimpress by 166.1% in the 4th quarter. Captrust Financial Advisors now owns 471 shares of the business services provider’s stock worth $49,000 after purchasing an additional 294 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in Cimpress by 700.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 800 shares of the business services provider’s stock worth $85,000 after purchasing an additional 700 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Cimpress by 320.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 888 shares of the business services provider’s stock worth $122,000 after purchasing an additional 677 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Cimpress in the 4th quarter worth approximately $145,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cimpress by 29.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,663 shares of the business services provider’s stock worth $172,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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