Cimpress (NASDAQ:CMPR) Upgraded at Zacks Research

Cimpress (NASDAQ:CMPR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $83.00 target price on shares of Cimpress in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cimpress has an average rating of “Buy” and an average price target of $80.50.

Cimpress Stock Up 0.1%

Shares of NASDAQ CMPR opened at $78.01 on Wednesday. The stock’s 50 day moving average price is $73.04 and its two-hundred day moving average price is $64.82. Cimpress has a 52-week low of $35.21 and a 52-week high of $82.16. The stock has a market capitalization of $1.92 billion, a P/E ratio of 86.68 and a beta of 1.73.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.61 by $0.34. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $993.64 million. Cimpress had a negative return on equity of 4.11% and a net margin of 0.66%. On average, analysts anticipate that Cimpress will post 3.69 EPS for the current year.

Insider Buying and Selling at Cimpress

In other news, EVP Maarten Wensveen sold 22,830 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the completion of the transaction, the executive vice president owned 20,587 shares of the company’s stock, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Sean Edward Quinn acquired 4,000 shares of Cimpress stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $62.79 per share, with a total value of $251,160.00. Following the acquisition, the executive vice president directly owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 10.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC bought a new stake in Cimpress during the fourth quarter worth approximately $209,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cimpress by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,705 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 442 shares during the period. CWM LLC raised its stake in shares of Cimpress by 1.7% in the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock worth $1,405,000 after buying an additional 346 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Cimpress by 30.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,305 shares of the business services provider’s stock worth $353,000 after buying an additional 1,232 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Cimpress by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,194 shares of the business services provider’s stock valued at $801,000 after buying an additional 1,066 shares during the period. 77.64% of the stock is currently owned by institutional investors.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.