Cimpress (NASDAQ:CMPR) Stock Rating Lowered by Zacks Research

Cimpress (NASDAQ:CMPR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts also recently weighed in on the company. Truist Financial cut their price target on Cimpress from $108.00 to $90.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Finally, Barrington Research cut their price objective on shares of Cimpress from $121.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $96.00.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $56.52 on Monday. The company has a 50-day simple moving average of $75.97 and a 200-day simple moving average of $83.56. The company has a market cap of $1.39 billion, a PE ratio of 16.82 and a beta of 1.90. Cimpress has a 12 month low of $53.89 and a 12 month high of $106.57.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.91). Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. The firm had revenue of $934.05 million for the quarter, compared to analysts’ expectations of $934.18 million. On average, analysts anticipate that Cimpress will post 3.73 EPS for the current year.

Insider Transactions at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the transaction, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in shares of Cimpress in the second quarter worth about $33,000. KBC Group NV acquired a new position in Cimpress during the 1st quarter worth approximately $30,000. Public Employees Retirement System of Ohio acquired a new position in Cimpress during the 2nd quarter worth approximately $45,000. USA Financial Formulas purchased a new position in Cimpress in the 3rd quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress N.V. is a mass-customization company that uses technology and manufacturing capabilities to produce customized products for businesses and consumers. Its offerings include printed marketing materials, business cards, signage, packaging, apparel and promotional products. The company operates a portfolio of businesses serving customers through online platforms, including Vistaprint and National Pen. These brands offer tools that let customers personalize products with their own designs or select from available templates.