Cimpress plc (NASDAQ:CMPR) Given Average Recommendation of “Moderate Buy” by Brokerages

Cimpress plc (NASDAQ:CMPR) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $114.50.

CMPR has been the topic of several recent analyst reports. Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Barrington Research set a $121.00 price target on Cimpress in a report on Tuesday, August 11th. Truist Financial reduced their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th.

Cimpress Trading Down 1.8%

Shares of Cimpress stock opened at $80.05 on Friday. The stock has a fifty day simple moving average of $92.83 and a 200 day simple moving average of $87.99. Cimpress has a 12-month low of $60.59 and a 12-month high of $106.57. The company has a market capitalization of $1.95 billion, a P/E ratio of 21.23 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. On average, analysts predict that Cimpress will post 4.38 EPS for the current year.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares of the company’s stock, valued at approximately $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 34,500 shares of company stock worth $3,001,585 in the last three months. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP bought a new stake in Cimpress in the 2nd quarter valued at about $47,545,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Cimpress in the fourth quarter worth about $1,847,000. Dimensional Fund Advisors LP increased its stake in shares of Cimpress by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after purchasing an additional 18,262 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Cimpress in the fourth quarter valued at approximately $1,066,000. Finally, Rubric Capital Management LP lifted its stake in shares of Cimpress by 6.8% during the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after buying an additional 104,419 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress plc (NASDAQ:CMPR) is a technology and manufacturing company focused on mass customization. It enables individuals, small businesses and organizations to design and order personalized products through online platforms, while using data, software and a distributed production network to manufacture and deliver those products efficiently.

Its portfolio includes customized marketing materials, signage, apparel, packaging, promotional products, gifts and other printed or personalized merchandise.