Cimpress (NASDAQ:CMPR) Receives Outperform Rating from Barrington Research

Cimpress (NASDAQ:CMPR)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $83.00 price objective on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 5.56% from the company’s previous close.

CMPR has been the subject of a number of other reports. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Citigroup reiterated an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Stock Performance

Shares of NASDAQ:CMPR opened at $78.63 on Tuesday. The stock has a 50-day simple moving average of $72.33 and a 200-day simple moving average of $64.42. The stock has a market capitalization of $1.94 billion, a P/E ratio of 60.02 and a beta of 1.73. Cimpress has a 1 year low of $35.21 and a 1 year high of $81.98.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Cimpress had a net margin of 1.02% and a negative return on equity of 6.21%. The firm had revenue of $863.28 million for the quarter, compared to analyst estimates of $839.42 million. Analysts predict that Cimpress will post 3.69 earnings per share for the current year.

Insider Activity at Cimpress

In related news, EVP Sean Edward Quinn purchased 4,000 shares of the firm’s 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 transaction, the executive vice president owned 36,484 shares of the company’s stock, valued at $2,290,830.36. This represents a 12.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the completion of the sale, the executive vice president owned 20,587 shares of the company’s stock, valued at approximately $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. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi lifted its holdings in Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after buying an additional 3,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after purchasing an additional 282 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Cimpress during the second quarter valued at $454,000. CWM LLC raised its holdings in shares of Cimpress by 222.8% during the second quarter. CWM LLC now owns 17,180 shares of the business services provider’s stock worth $807,000 after purchasing an additional 11,857 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cimpress during the second quarter worth $879,000. 77.64% of the stock is owned by institutional investors.

About Cimpress

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.