Cimpress (NASDAQ:CMPR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Cimpress (NASDAQ:CMPR) from a buy rating to a hold rating in a research report sent to investors on Saturday.

CMPR has been the subject of a number of other research reports. Weiss Ratings raised shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial reduced their price target on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Barrington Research set a $121.00 target price on shares of Cimpress in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.50.

Cimpress Stock Performance

Shares of CMPR opened at $91.75 on Friday. Cimpress has a fifty-two week low of $56.34 and a fifty-two week high of $106.57. The stock has a fifty day moving average of $95.60 and a two-hundred day moving average of $86.09. The company has a market capitalization of $2.23 billion, a PE ratio of 24.34 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%.The business had revenue of $944.96 million for the quarter, compared to analysts’ expectations of $945.53 million. As a group, equities research analysts forecast that Cimpress will post 4.45 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the transaction, the executive vice president owned 28,937 shares in the company, valued at approximately $3,015,814.14. This represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert S. Keane sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total transaction of $624,585.00. Following the completion of the sale, the chief executive officer owned 76,177 shares in the company, valued at $7,319,847.93. The trade was a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,489 shares of company stock worth $3,550,561. Company insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Several large investors have recently added to or reduced their stakes in CMPR. Rubric Capital Management LP raised its stake in Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after acquiring an additional 619,360 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Cimpress during the second quarter valued at about $50,829,000. Wasatch Advisors LP acquired a new stake in Cimpress in the second quarter worth about $47,545,000. Janus Henderson Group PLC grew its position in Cimpress by 8.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after buying an additional 272,260 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after buying an additional 139,482 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

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.