BidaskClub Downgrades Cimpress N.V (NASDAQ:CMPR) to Buy

BidaskClub downgraded shares of Cimpress N.V (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report sent to investors on Monday, July 24th.

CMPR has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a neutral rating on shares of Cimpress N.V in a research report on Monday, April 10th. Zacks Investment Research lowered Cimpress N.V from a hold rating to a strong sell rating in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a hold rating and issued a $84.00 target price on shares of Cimpress N.V in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Cimpress N.V has an average rating of Hold and a consensus target price of $87.40.

Shares of Cimpress N.V (NASDAQ:CMPR) opened at 88.13 on Monday. Cimpress N.V has a 1-year low of $78.80 and a 1-year high of $104.18. The company’s market cap is $2.77 billion. The stock has a 50 day moving average of $92.03 and a 200 day moving average of $87.59.

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In other Cimpress N.V news, CFO Sean Edward Quinn sold 1,660 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $157,700.00. Following the completion of the sale, the chief financial officer now directly owns 2,422 shares in the company, valued at approximately $230,090. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Katryn Blake sold 723 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $90.99, for a total value of $65,785.77. Following the transaction, the insider now owns 13,531 shares of the company’s stock, valued at $1,231,185.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,608 shares of company stock valued at $615,281. Corporate insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Cimpress N.V during the fourth quarter worth about $32,277,000. Koch Industries Inc. acquired a new position in Cimpress N.V during the first quarter worth approximately $345,000. Penserra Capital Management LLC boosted its position in Cimpress N.V by 76.8% in the first quarter. Penserra Capital Management LLC now owns 1,536 shares of the business services provider’s stock worth $132,000 after buying an additional 667 shares in the last quarter. Bank of America Corp DE boosted its position in Cimpress N.V by 6.9% in the first quarter. Bank of America Corp DE now owns 106,274 shares of the business services provider’s stock worth $9,161,000 after buying an additional 6,825 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cimpress N.V during the first quarter worth approximately $218,000. Institutional investors own 98.61% of the company’s stock.

About Cimpress N.V

Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.

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