Cimpress plc (NASDAQ:CMPR) Receives Average Rating of “Buy” from Analysts

Shares of Cimpress plc (NASDAQ:CMPR) have earned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $111.50.

CMPR has been the topic of a number of research reports. Barrington Research raised their price objective on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 14th. Finally, Truist Financial set a $110.00 price target on shares of Cimpress in a research report on Friday, May 1st.

Insider Buying and Selling at Cimpress

In other news, EVP Sean Edward Quinn sold 5,009 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $104.22, for a total value of $522,037.98. Following the transaction, the executive vice president owned 28,937 shares of the company’s stock, valued at approximately $3,015,814.14. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. The trade was a 49.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,240 shares of company stock valued at $4,715,549 in the last three months. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMPR. KBC Group NV acquired a new stake in shares of Cimpress in the first quarter valued at about $30,000. Financial Management Professionals Inc. purchased a new stake in shares of Cimpress during the 2nd quarter valued at about $33,000. Allworth Financial LP raised its holdings in shares of Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after buying an additional 370 shares during the period. Headlands Technologies LLC lifted its position in Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after acquiring an additional 241 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Cimpress during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Down 0.8%

CMPR stock opened at $97.35 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 54.69 and a beta of 1.79. The business has a fifty day simple moving average of $96.07 and a 200-day simple moving average of $83.60. Cimpress has a 52 week low of $47.76 and a 52 week high of $106.57.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The firm had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. As a group, analysts expect that Cimpress will post 3.81 earnings per share for the current fiscal year.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.