Cimpress (NASDAQ:CMPR) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts have also weighed in on the company. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Truist Financial reduced their price target on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday. Barrington Research lifted their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cimpress presently has a consensus rating of “Buy” and an average price target of $110.50.

Cimpress Stock Up 4.2%

Shares of NASDAQ:CMPR opened at $98.70 on Friday. The stock has a market cap of $2.39 billion, a PE ratio of 26.18 and a beta of 1.79. The company’s fifty day moving average is $96.00 and its 200 day moving average is $84.65. Cimpress has a 52 week low of $48.51 and a 52 week high of $106.57.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.24%. The business had revenue of $944.96 million for the quarter, compared to analysts’ expectations of $945.53 million. Sell-side analysts anticipate that Cimpress will post 4.51 EPS for the current year.

Insider Transactions at Cimpress

In related news, EVP Sean Edward Quinn sold 5,009 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the transaction, the executive vice president owned 28,937 shares in the company, valued at $3,015,814.14. The trade was a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 19,251 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the transaction, the executive vice president directly owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,240 shares of company stock worth $4,715,549 in the last ninety days. Insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Several large investors have recently bought and sold shares of CMPR. Financial Management Professionals Inc. bought a new position in shares of Cimpress in the 2nd quarter worth approximately $33,000. KBC Group NV purchased a new position in shares of Cimpress in the 1st quarter valued at approximately $30,000. Allworth Financial LP boosted its position in shares of Cimpress by 250.0% during the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 370 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Cimpress by 27.7% during the first 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 in the last quarter. Finally, Quarry LP purchased a new stake in Cimpress in the third quarter worth $55,000. 77.64% of the stock is owned by 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.