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

Cimpress plc (NASDAQ:CMPR) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $114.50.

CMPR has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Truist Financial decreased their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Finally, Barrington Research set a $121.00 target price on Cimpress in a report on Tuesday, August 11th.

Cimpress Stock Up 0.8%

Shares of NASDAQ CMPR opened at $84.77 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 22.49 and a beta of 1.80. The business’s 50 day moving average price is $94.33 and its 200 day moving average price is $87.64. Cimpress has a 52 week low of $56.34 and a 52 week high of $106.57.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS 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 company had revenue of $944.96 million for the quarter, compared to analyst estimates of $945.53 million. As a group, research analysts expect that Cimpress will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In other Cimpress news, CEO Robert Keane sold 6,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was 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 owned 76,177 shares of the company’s stock, valued at approximately $7,319,847.93. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Janus Henderson Group PLC grew its holdings in shares of Cimpress by 2.6% during the first quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after buying an additional 92,764 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Cimpress by 10,452.4% during the second quarter. California State Teachers Retirement System now owns 1,799,073 shares of the business services provider’s stock worth $182,966,000 after purchasing an additional 1,782,024 shares during the last quarter. Rubric Capital Management LP grew its position in shares of Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after purchasing an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Cimpress in the second quarter valued at $50,829,000. Finally, Wasatch Advisors LP acquired a new stake in Cimpress in the 2nd quarter worth about $47,545,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.