Cimpress (NASDAQ:CMPR) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report released on Friday morning.

CMPR has been the subject of several other research reports. Barrington Research lifted their price objective on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Truist Financial reduced their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Cimpress Stock Up 2.5 %

Shares of CMPR opened at $81.69 on Friday. The company has a market cap of $2.05 billion, a P/E ratio of 14.04, a PEG ratio of 0.69 and a beta of 2.05. Cimpress has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The firm’s 50 day moving average price is $81.16 and its 200 day moving average price is $85.31.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter in the previous year, the business posted $0.17 earnings per share. Research analysts forecast that Cimpress will post 4.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Maarten Wensveen sold 1,317 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the sale, the executive vice president now owns 22,830 shares in the company, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert S. Keane sold 396 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,116 shares of company stock valued at $7,019,606 in the last ninety days. Insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently made changes to their positions in CMPR. CWM LLC boosted its position in shares of Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cimpress in the third quarter valued at approximately $130,000. Legacy Capital Group California Inc. purchased a new position in shares of Cimpress during the second quarter worth approximately $202,000. Optimist Retirement Group LLC acquired a new position in shares of Cimpress in the 2nd quarter valued at $204,000. Finally, GM Advisory Group LLC purchased a new stake in Cimpress in the 1st quarter valued at $239,000. Hedge funds and other 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.