Cimpress (NASDAQ:CMPR) Upgraded at StockNews.com

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research note published on Thursday.

A number of other equities analysts have also commented on CMPR. Barrington Research raised their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Truist Financial lifted their target price on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Cimpress Trading Up 3.2 %

NASDAQ:CMPR opened at $71.25 on Thursday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.58 and a beta of 2.05. Cimpress has a twelve month low of $58.01 and a twelve month high of $104.92. The stock has a fifty day simple moving average of $83.47 and a 200-day simple moving average of $85.80.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to the consensus estimate of $832.90 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. As a group, equities research analysts predict that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, CEO Robert S. Keane sold 45,310 shares of the company’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 value 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 approximately $100,367,270.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $4,489,767.90. Following the completion of the transaction, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at $100,367,270.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,116 shares of company stock valued at $7,019,606. Company insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in Cimpress by 9,821.4% during the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after acquiring an additional 154,785 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Cimpress during the second quarter worth $12,696,000. Marshall Wace LLP lifted its holdings in shares of Cimpress by 649.8% during the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 93,033 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the 3rd quarter worth $7,582,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Cimpress in the 2nd quarter worth $8,034,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.