Cimpress plc (NASDAQ:CMPR) Receives $111.50 Average PT from Analysts

Cimpress plc (NASDAQ:CMPR) has received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $111.50.

Several research firms recently weighed in on CMPR. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Barrington Research lifted their price objective on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a research note on Friday, May 1st.

Insider Transactions at Cimpress

In related news, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the transaction, the executive vice president directly owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. The trade was a 49.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at approximately $3,027,099.57. This represents a 44.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Rubric Capital Management LP lifted its holdings in Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after buying an additional 619,360 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Cimpress by 66.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after buying an additional 503,849 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Cimpress by 8.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after buying an additional 272,260 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after buying an additional 139,482 shares in the last quarter. Finally, Smith Thomas W bought a new stake in shares of Cimpress in the 4th quarter valued at about $8,617,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Down 0.7%

CMPR stock opened at $91.90 on Thursday. Cimpress has a twelve month low of $42.05 and a twelve month high of $106.13. The stock has a market cap of $2.23 billion, a P/E ratio of 51.63 and a beta of 1.80. The business’s 50-day moving average price is $88.14 and its 200-day moving average price is $78.35.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. The firm had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, equities research analysts expect that Cimpress will post 3.81 earnings per share for the current fiscal year.

Cimpress Company Profile

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.