Cimpress (NASDAQ:CMPR) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Barrington Research set a $121.00 price target on shares of Cimpress in a report on Tuesday. Truist Financial lowered their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cimpress has an average rating of “Moderate Buy” and an average price target of $114.50.

Cimpress Price Performance

CMPR opened at $94.46 on Thursday. Cimpress has a 12-month low of $56.34 and a 12-month high of $106.57. The stock has a market capitalization of $2.30 billion, a PE ratio of 25.06 and a beta of 1.80. The firm’s fifty day moving average price is $95.63 and its 200 day moving average price is $85.95.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). The company had revenue of $944.96 million for the quarter, compared to analyst estimates of $945.53 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%. On average, equities research analysts forecast that Cimpress will post 4.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert S. Keane sold 6,500 shares of Cimpress stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total transaction of $624,585.00. Following the transaction, the chief executive officer directly owned 76,177 shares in the company, valued at approximately $7,319,847.93. This trade represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total value of $2,403,937.80. Following the transaction, the executive vice president owned 28,937 shares in the company, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,489 shares of company stock valued at $3,550,561. 10.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMPR. Jackson Creek Investment Advisors LLC bought a new stake in shares of Cimpress in the 4th quarter worth approximately $1,847,000. Dimensional Fund Advisors LP lifted its stake in Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock valued at $32,627,000 after purchasing an additional 18,262 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in Cimpress during the fourth quarter worth approximately $1,066,000. Wasatch Advisors LP acquired a new position in Cimpress in the second quarter worth approximately $47,545,000. Finally, Rubric Capital Management LP grew its position in Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock worth $118,948,000 after buying an additional 104,419 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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.