Cimpress (NASDAQ:CMPR) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Cimpress (NASDAQ:CMPR) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

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

Cimpress Price Performance

Cimpress 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 stock has a market cap of $1.92 billion, a price-to-earnings ratio of 86.68 and a beta of 1.73. The firm has a 50 day simple moving average of $73.04 and a 200-day simple moving average of $64.82.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.34. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.11%. Equities analysts expect that Cimpress will post 3.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cimpress news, EVP Maarten Wensveen sold 22,830 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the completion of the sale, the executive vice president directly owned 20,587 shares in the company, valued at $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sean Edward Quinn purchased 4,000 shares of Cimpress stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the transaction, the executive vice president owned 36,484 shares of the company’s stock, valued at $2,290,830.36. This represents a 12.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Institutional investors have recently made changes to their positions in the business. First Horizon Corp bought a new stake in Cimpress in the third quarter valued at about $27,000. Allworth Financial LP lifted its stake in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after buying an additional 370 shares during the last quarter. Headlands Technologies LLC boosted its stake in Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 241 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cimpress during the second quarter worth approximately $51,000. Finally, Quarry LP bought a new position in shares of Cimpress in the third quarter worth $55,000. 77.64% of the stock is owned by institutional investors and hedge funds.

About Cimpress

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.