Cimpress (NASDAQ:CMPR) Upgraded by StockNews.com to Strong-Buy

Cimpress (NASDAQ:CMPR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $113.00 price objective on shares of Cimpress in a research note on Tuesday, May 28th.

Cimpress Price Performance

Shares of Cimpress stock traded up $4.32 during midday trading on Thursday, hitting $95.59. 473,390 shares of the company were exchanged, compared to its average volume of 151,026. The firm has a 50 day simple moving average of $87.70 and a 200-day simple moving average of $87.51. The firm has a market cap of $2.43 billion, a P/E ratio of 29.50, a PEG ratio of 0.80 and a beta of 2.00. Cimpress has a 52 week low of $57.01 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.29). The firm had revenue of $780.59 million during the quarter, compared to analyst estimates of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same quarter in the prior year, the firm posted ($0.97) EPS. Equities research analysts expect that Cimpress will post 2.92 earnings per share for the current year.

Insider Activity

In related news, CEO Florian Baumgartner sold 3,410 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.18, for a total transaction of $290,463.80. Following the transaction, the chief executive officer now owns 29,804 shares in the company, valued at approximately $2,538,704.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 15,514 shares of company stock worth $1,295,536. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in shares of Cimpress by 9,821.4% during the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after buying an additional 154,785 shares during the period. Hantz Financial Services Inc. acquired a new stake in Cimpress during the 2nd quarter worth $12,696,000. Norges Bank acquired a new position in shares of Cimpress in the 4th quarter valued at $9,433,000. Hennessy Advisors Inc. bought a new position in shares of Cimpress in the 2nd quarter worth $8,034,000. Finally, Vanguard Group Inc. grew its stake in shares of Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.