Cimpress (NASDAQ:CMPR) Upgraded to “Strong-Buy” at StockNews.com

Cimpress (NASDAQ:CMPR) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Several other equities analysts also recently weighed in on the company. Barrington Research boosted their target price on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Truist Financial boosted their price objective on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Cimpress Price Performance

Shares of Cimpress stock traded down $7.13 during trading hours on Thursday, reaching $69.01. The company’s stock had a trading volume of 450,868 shares, compared to its average volume of 152,721. The firm has a 50 day moving average price of $83.89 and a 200-day moving average price of $85.94. The stock has a market cap of $1.74 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 2.03. Cimpress has a one year low of $57.20 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. As a group, sell-side analysts forecast that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction on 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 sale, the executive vice president now directly owns 22,830 shares in the company, valued at approximately $2,054,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now owns 22,830 shares in the company, valued at $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently made changes to their positions in CMPR. ProShare Advisors LLC raised its holdings in shares of Cimpress by 8.6% in the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 257 shares in the last quarter. Swiss National Bank increased its position in Cimpress by 0.9% during the 1st quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after purchasing an additional 300 shares during the period. Rhumbline Advisers raised its holdings in shares of Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 308 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Cimpress by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 334 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after purchasing an additional 427 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.