Cimpress (NASDAQ:CMPR) Stock Rating Upgraded by StockNews.com

Cimpress (NASDAQ:CMPR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also weighed in on the company. Truist Financial upped their price target on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barrington Research upped their target price on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th.

Cimpress Price Performance

Cimpress stock opened at $71.25 on Thursday. Cimpress has a fifty-two week low of $58.01 and a fifty-two week high of $104.92. The firm’s 50 day simple moving average is $83.47 and its 200-day simple moving average is $85.80. The company has a market cap of $1.80 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $0.77 by $3.56. The firm had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. On average, analysts expect that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Activity at Cimpress

In related news, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,116 shares of company stock worth $7,019,606 in the last 90 days. 17.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress in the 3rd quarter worth about $7,582,000. CWM LLC boosted its position in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after buying an additional 427 shares during the last quarter. Diversified Trust Co increased its position in Cimpress by 54.0% in the third quarter. Diversified Trust Co now owns 4,840 shares of the business services provider’s stock worth $396,000 after purchasing an additional 1,697 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Cimpress by 14.6% during the third quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider’s stock worth $516,000 after buying an additional 800 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Cimpress by 10.5% in the 2nd quarter. Creative Planning now owns 7,492 shares of the business services provider’s stock valued at $656,000 after acquiring an additional 710 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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.