Zacks Investment Research lowered shares of Cimpress (NASDAQ:CMPR) from a hold rating to a sell rating in a research report report published on Tuesday morning.

According to Zacks, “Cimpress is currently passing through a transition as it attempts to change its operating model. Margin pressures remain a significant headwind for the company owing to lower Vistaprint margins. Headwinds in currency translation could add to the woes as almost half of its revenues are generated outside the United States. Cimpress is also likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. However, it is making steady progress with investments in new markets and the business strategy is now focused on quality products and delivery, increased customer service and more transparent pricing. Cimpress has outperformed the industry in the last three months.”

CMPR has been the subject of several other research reports. ValuEngine cut shares of Cimpress from a hold rating to a sell rating in a report on Tuesday, December 12th. BidaskClub downgraded shares of Cimpress from a strong-buy rating to a buy rating in a research report on Saturday, December 9th. Barrington Research upgraded shares of Cimpress from a market perform rating to an outperform rating and set a $110.00 price target for the company in a research report on Monday, September 18th. Finally, SunTrust Banks reiterated a hold rating and issued a $113.00 price target on shares of Cimpress in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Cimpress has a consensus rating of Hold and a consensus price target of $109.40.

Shares of Cimpress (NASDAQ CMPR) traded up $0.19 during trading on Tuesday, hitting $125.03. 68,482 shares of the stock traded hands, compared to its average volume of 165,817. Cimpress has a fifty-two week low of $78.80 and a fifty-two week high of $125.67. The company has a debt-to-equity ratio of 10.73, a quick ratio of 0.39 and a current ratio of 0.52. The firm has a market cap of $3,832.66, a PE ratio of -178.61, a price-to-earnings-growth ratio of 5.53 and a beta of 0.13.

In related news, CFO Sean Edward Quinn sold 1,526 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $115.00, for a total value of $175,490.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Keane sold 40,100 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $118.19, for a total transaction of $4,739,419.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,645 shares of company stock valued at $11,353,735. 11.80% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in CMPR. Janus Henderson Group PLC purchased a new position in Cimpress during the 3rd quarter worth $398,436,000. Arlington Value Capital LLC raised its position in Cimpress by 18.4% during the 2nd quarter. Arlington Value Capital LLC now owns 2,093,070 shares of the business services provider’s stock worth $197,857,000 after buying an additional 324,977 shares during the last quarter. UBS Oconnor LLC raised its position in Cimpress by 46.9% during the 2nd quarter. UBS Oconnor LLC now owns 366,015 shares of the business services provider’s stock worth $34,599,000 after buying an additional 116,937 shares during the last quarter. Amussen Hunsaker & Associates LLC purchased a new position in Cimpress during the 2nd quarter worth $6,458,000. Finally, Vanguard Group Inc. raised its position in Cimpress by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,607,220 shares of the business services provider’s stock worth $151,930,000 after buying an additional 31,348 shares during the last quarter.

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About Cimpress

Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.

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