Zacks Investment Research lowered shares of Cimpress N.V (NASDAQ:CMPR) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Cimpress reported dismal fiscal 2017 fourth-quarter results, with wider than expected loss. Foreign currency volatility and margin pressure remain headwinds for the company. In addition, Cimpress is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. Presently, when the economy of Europe is highly unpredictable, it becomes difficult for the company to increase revenues and reduce costs. However, it has outperformed the industry in the last three months. The company is currently shifting its value proposition away from deep discounts and free-offer direct marketing efforts to tap the large market opportunity beyond the traditional base of highly price-sensitive customers. It is making steady progress with investments in new markets and the business strategy is now focused on quality products and delivery, increased customer service and more transparent pricing.”
CMPR has been the subject of several other research reports. Cantor Fitzgerald reiterated a hold rating and issued a $88.00 price target on shares of Cimpress N.V in a research report on Thursday, April 27th. Jefferies Group LLC reiterated a hold rating and issued a $84.00 price target on shares of Cimpress N.V in a research report on Thursday, April 27th. BidaskClub downgraded shares of Cimpress N.V from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Finally, ValuEngine downgraded shares of Cimpress N.V from a hold rating to a sell rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $87.40.
Cimpress N.V (NASDAQ CMPR) traded up 1.44% during midday trading on Wednesday, reaching $88.13. 140,556 shares of the company were exchanged. The company’s market capitalization is $2.77 billion. The firm has a 50-day moving average price of $92.03 and a 200-day moving average price of $87.59. Cimpress N.V has a 52 week low of $78.80 and a 52 week high of $104.18.
In other Cimpress N.V news, CFO Sean Edward Quinn sold 1,660 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $157,700.00. Following the completion of the transaction, the chief financial officer now owns 2,422 shares in the company, valued at approximately $230,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katryn Blake sold 2,309 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $219,355.00. Following the transaction, the insider now owns 11,222 shares of the company’s stock, valued at approximately $1,066,090. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,608 shares of company stock valued at $615,281. 11.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Strs Ohio increased its position in shares of Cimpress N.V by 57.1% in the second quarter. Strs Ohio now owns 1,100 shares of the business services provider’s stock worth $103,000 after buying an additional 400 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of 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 during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Cimpress N.V during the first quarter worth approximately $187,000. Legato Capital Management LLC purchased a new position in shares of Cimpress N.V during the second quarter worth approximately $217,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of 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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