Cimpress (NASDAQ:CMPR) Lowered to Buy Rating by StockNews.com

StockNews.com lowered shares of Cimpress (NASDAQ:CMPR - Free Report) from a strong-buy rating to a buy rating in a report published on Friday morning.

A number of other analysts have also weighed in on CMPR. Truist Financial dropped their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, November 1st. Barrington Research increased their price objective on Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a report on Tuesday, August 27th.

Cimpress Stock Down 0.9 %

NASDAQ:CMPR traded down $0.69 during mid-day trading on Friday, hitting $79.66. 116,822 shares of the stock traded hands, compared to its average volume of 153,367. The business's 50-day moving average price is $81.50 and its 200 day moving average price is $85.43. The company has a market cap of $2.00 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.70 and a beta of 2.05. Cimpress has a 12-month low of $58.05 and a 12-month high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the previous year, the company posted $0.17 EPS. Analysts anticipate that Cimpress will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

In related news, CEO Robert S. Keane sold 45,310 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the sale, the chief executive officer now owns 1,012,890 shares of the company's stock, valued at $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the sale, the executive vice president now directly owns 22,830 shares in the company, valued at approximately $2,054,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 45,310 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the transaction, the chief executive officer now directly owns 1,012,890 shares of the company's stock, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is owned by corporate insiders.

Institutional Trading of Cimpress

Large investors have recently made changes to their positions in the stock. Swiss National Bank lifted its position in Cimpress by 0.9% during the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider's stock valued at $3,018,000 after purchasing an additional 300 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Cimpress during the 1st quarter valued at $273,000. Russell Investments Group Ltd. boosted its stake in shares of Cimpress by 4.6% in the 1st quarter. Russell Investments Group Ltd. now owns 16,039 shares of the business services provider's stock worth $1,422,000 after buying an additional 712 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Cimpress by 8.6% in the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider's stock worth $287,000 after acquiring an additional 257 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Cimpress by 47.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,515 shares of the business services provider's stock valued at $665,000 after acquiring an additional 2,420 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.