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

Cimpress plc (NASDAQ:CMPR) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $114.50.

A number of research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Truist Financial cut their target price on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Barrington Research set a $121.00 price target on shares of Cimpress in a report on Tuesday, August 11th. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th.

Insider Activity at Cimpress

In other news, CEO Robert Keane sold 6,500 shares of the business’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 transaction, the chief executive officer directly owned 76,177 shares of the company’s stock, valued at $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after buying an additional 177 shares in the last quarter. Quantinno Capital Management LP increased its stake in Cimpress by 2.7% during the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after acquiring an additional 189 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Cimpress by 3.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock worth $701,000 after acquiring an additional 200 shares during the last quarter. Ieq Capital LLC boosted its holdings in Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after acquiring an additional 220 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cimpress by 2.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

CMPR opened at $84.77 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 22.49 and a beta of 1.80. The stock has a fifty day moving average of $94.33 and a 200-day moving average of $87.64. Cimpress has a fifty-two week low of $56.34 and a fifty-two week high of $106.57.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). The firm had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. On average, equities research analysts predict that Cimpress will post 4.38 earnings per share for the current fiscal year.

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.