Cimpress (NASDAQ:CMPR) Raised to “Strong-Buy” at Zacks Research

Cimpress (NASDAQ:CMPR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Citigroup reissued an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $83.00 price target on shares of Cimpress in a research report on Tuesday. Finally, Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Cimpress currently has an average rating of “Buy” and an average target price of $80.50.

Cimpress Trading Up 0.1%

CMPR stock opened at $78.01 on Wednesday. Cimpress has a 1-year low of $35.21 and a 1-year high of $82.16. The business’s 50 day moving average is $73.04 and its 200-day moving average is $64.82. The firm has a market cap of $1.92 billion, a P/E ratio of 86.68 and a beta of 1.73.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.61 by $0.34. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a negative return on equity of 4.11% and a net margin of 0.66%. Sell-side analysts forecast that Cimpress will post 3.69 EPS for the current year.

Insider Transactions at Cimpress

In other news, EVP Maarten Wensveen sold 22,830 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the transaction, the executive vice president directly owned 20,587 shares in the company, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sean Edward Quinn purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the purchase, the executive vice president directly owned 36,484 shares of the company’s stock, valued at $2,290,830.36. The trade was a 12.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC raised its position in shares of Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after acquiring an additional 241 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after purchasing an additional 282 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Cimpress by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,483 shares of the business services provider’s stock worth $827,000 after purchasing an additional 324 shares during the period. CWM LLC raised its holdings in Cimpress by 1.7% during the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 346 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Cimpress by 1.7% during the 3rd quarter. Alliancebernstein L.P. now owns 20,743 shares of the business services provider’s stock valued at $1,308,000 after purchasing an additional 353 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

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.