Cimpress (NASDAQ:CMPR) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Cimpress (NASDAQ:CMPR – Free Report) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks reports.

A number of other equities research analysts also recently weighed in on CMPR. Weiss Ratings downgraded Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Barrington Research dropped their price target on Cimpress from $121.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, November 6th. Truist Financial reduced their price objective on Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, Wall Street Zen downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $96.00.

Get Our Latest Research Report on CMPR

Cimpress Stock Up 2.4%

Shares of Cimpress stock opened at $56.52 on Monday. The firm has a market cap of $1.39 billion, a P/E ratio of 16.82 and a beta of 1.90. Cimpress has a fifty-two week low of $53.89 and a fifty-two week high of $106.57. The business has a 50-day moving average price of $75.97 and a 200 day moving average price of $83.56.

Cimpress (NASDAQ:CMPR – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.91). Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. The firm had revenue of $934.05 million for the quarter, compared to analyst estimates of $934.18 million. As a group, equities research analysts anticipate that Cimpress will post 3.73 earnings per share for the current year.

Insider Buying and Selling at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares in the company, valued at $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV bought a new position in shares of Cimpress during the first quarter valued at approximately $30,000. Financial Management Professionals Inc. bought a new stake in shares of Cimpress in the 2nd quarter worth approximately $33,000. USA Financial Formulas bought a new stake in shares of Cimpress in the 3rd quarter worth approximately $39,000. Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress in the 2nd quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC boosted its position in Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 177 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

(Get Free Report)

Cimpress N.V. is a mass-customization company that uses technology and manufacturing capabilities to produce customized products for businesses and consumers. Its offerings include printed marketing materials, business cards, signage, packaging, apparel and promotional products. The company operates a portfolio of businesses serving customers through online platforms, including Vistaprint and National Pen. These brands offer tools that let customers personalize products with their own designs or select from available templates.

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