Cimpress plc (NASDAQ:CMPR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Cimpress plc (NASDAQ:CMPR) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $114.50.

Several research analysts recently issued reports on the company. Truist Financial cut their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Barrington Research set a $121.00 price target on Cimpress in a research report on Tuesday, August 11th. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a report on Saturday.

Cimpress Trading Down 2.9%

Shares of CMPR stock opened at $91.75 on Tuesday. The stock has a 50 day simple moving average of $95.60 and a 200-day simple moving average of $86.09. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 24.34 and a beta of 1.80. Cimpress has a 12-month low of $56.34 and a 12-month high of $106.57.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). The company had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. On average, equities analysts forecast that Cimpress will post 4.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of Cimpress stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total value of $624,585.00. Following the transaction, the chief executive officer owned 76,177 shares in the company, valued at $7,319,847.93. This trade represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the transaction, the executive vice president owned 28,937 shares in the company, valued at $3,027,099.57. The trade was a 44.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 34,489 shares of company stock worth $3,550,561. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Several large investors have recently added to or reduced their stakes in CMPR. EverSource Wealth Advisors LLC raised its holdings in shares of Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after buying an additional 177 shares during the period. Quantinno Capital Management LP boosted its holdings in Cimpress by 2.7% in the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after acquiring an additional 189 shares during the period. Handelsbanken Fonder AB boosted its holdings in Cimpress by 3.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock worth $701,000 after acquiring an additional 200 shares during the period. Ieq Capital LLC grew its position in Cimpress by 0.4% in the fourth quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after acquiring an additional 220 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Cimpress by 2.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 225 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.