Cimpress’ (CMPR) “Outperform” Rating Reaffirmed at Barrington Research

Cimpress (NASDAQ:CMPR)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research report issued on Tuesday, Benzinga reports. They presently have a $113.00 price objective on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 33.21% from the stock’s previous close.

Several other research firms have also recently weighed in on CMPR. Truist Financial increased their price target on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 2nd. StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday.

Cimpress Trading Up 0.7 %

CMPR stock opened at $84.83 on Tuesday. The stock has a market capitalization of $2.16 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.94. Cimpress has a 12-month low of $42.84 and a 12-month high of $100.01. The stock’s 50 day simple moving average is $90.38 and its 200 day simple moving average is $80.94.

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

Insider Activity

In other news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $92.81, for a total transaction of $527,439.23. Following the completion of the transaction, the chief executive officer now owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $92.81, for a total transaction of $527,439.23. Following the completion of the transaction, the chief executive officer now owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The disclosure for this sale can be found here. Insiders sold a total of 25,292 shares of company stock worth $2,319,309 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Cimpress

Several institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Cimpress during the third quarter worth approximately $88,000. Principal Financial Group Inc. purchased a new position in shares of Cimpress during the first quarter worth approximately $200,000. Contravisory Investment Management Inc. purchased a new position in shares of Cimpress during the fourth quarter worth approximately $185,000. Olympiad Research LP purchased a new position in shares of Cimpress during the fourth quarter worth approximately $212,000. Finally, Advisory Services Network LLC purchased a new position in shares of Cimpress during the fourth quarter worth approximately $216,000. Institutional investors own 77.64% of the company’s stock.

About Cimpress

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.