Cimpress plc (NASDAQ:CMPR) Given Consensus Rating of “Buy” by Brokerages

Cimpress plc (NASDAQ:CMPR) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $80.50.

Several equities research analysts have issued reports on CMPR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Barrington Research reissued an “outperform” rating and issued a $83.00 price target on shares of Cimpress in a research note on Tuesday. Finally, Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Cimpress Stock Up 0.5%

CMPR stock opened at $78.41 on Friday. Cimpress has a 52 week low of $35.21 and a 52 week high of $82.16. The firm has a 50-day simple moving average of $73.04 and a 200-day simple moving average of $64.82. The stock has a market capitalization of $1.93 billion, a P/E ratio of 87.12 and a beta of 1.73.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.61 by $0.34. The firm 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%. On average, analysts expect that Cimpress will post 3.69 earnings per share for the current year.

Insider Buying and Selling at Cimpress

In other Cimpress news, EVP Sean Edward Quinn acquired 4,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was acquired at an average price of $62.79 per share, with a total value of $251,160.00. Following the completion of the purchase, the executive vice president owned 36,484 shares in the company, valued at $2,290,830.36. This trade represents a 12.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress 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 completion of the transaction, the executive vice president owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This trade represents a 52.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

Hedge funds have recently modified their holdings of the stock. Merit Financial Group LLC purchased a new position in shares of Cimpress in the 4th quarter valued at about $209,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cimpress by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,705 shares of the business services provider’s stock worth $114,000 after buying an additional 442 shares during the last quarter. CWM LLC boosted its holdings in shares of Cimpress by 1.7% in the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 346 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Cimpress by 30.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,305 shares of the business services provider’s stock worth $353,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Cimpress by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,194 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 1,066 shares during the last quarter. 77.64% of the stock is currently 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.