Cimpress (NASDAQ:CMPR) Downgraded to “Buy” at StockNews.com

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

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

Cimpress Trading Up 0.4 %

CMPR stock traded up $0.31 during midday trading on Monday, reaching $83.40. 120,983 shares of the company’s stock traded hands, compared to its average volume of 158,317. Cimpress has a 52-week low of $42.84 and a 52-week high of $100.01. The stock has a market cap of $2.12 billion, a P/E ratio of 25.74, a PEG ratio of 1.13 and a beta of 1.94. The stock’s 50-day moving average is $90.96 and its 200 day moving average is $80.59.

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

Insiders Place Their Bets

In other news, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total transaction of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares in the company, valued at $2,528,273.32. The transaction was disclosed in a document filed 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 dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the sale, the executive vice president now directly owns 10,779 shares in the company, valued at $970,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Florian Baumgartner sold 3,410 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the transaction, the chief executive officer now owns 29,804 shares of the company’s stock, valued at approximately $2,528,273.32. The disclosure for this sale can be found here. Insiders sold 25,292 shares of company stock worth $2,319,309 in the last three months. 17.90% of the stock is owned by company insiders.

Institutional Trading of Cimpress

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Cimpress in the first quarter valued at $200,000. Allspring Global Investments Holdings LLC grew its stake in shares of Cimpress by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,493 shares of the business services provider’s stock worth $7,567,000 after buying an additional 1,455 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Cimpress by 42.5% in the 1st quarter. Diversified Trust Co now owns 7,203 shares of the business services provider’s stock worth $638,000 after buying an additional 2,148 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Cimpress during the 1st quarter valued at about $245,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Cimpress by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock valued at $137,726,000 after acquiring an additional 89,931 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.