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

Cimpress plc (NASDAQ:CMPR) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $114.50.

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

Insiders Place Their Bets

In related news, EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at $3,027,099.57. The trade was a 44.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert S. Keane sold 6,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total value of $624,585.00. Following the transaction, the chief executive officer directly owned 76,177 shares of the company’s stock, valued at approximately $7,319,847.93. This represents a 7.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,489 shares of company stock valued at $3,550,561. 10.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in Cimpress by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after buying an additional 92,764 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of Cimpress by 6.8% in 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 purchasing an additional 104,419 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Cimpress in the 2nd quarter valued at approximately $50,829,000. Wasatch Advisors LP acquired a new position in shares of Cimpress in the second quarter valued at approximately $47,545,000. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $32,627,000 after purchasing an additional 18,262 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Stock Performance

NASDAQ CMPR opened at $91.75 on Tuesday. The company has a market cap of $2.23 billion, a PE ratio of 24.34 and a beta of 1.80. Cimpress has a 52-week low of $56.34 and a 52-week high of $106.57. The firm’s 50 day moving average price is $95.60 and its 200-day moving average price is $86.09.

Cimpress (NASDAQ:CMPR) last announced its earnings results 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). The firm 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, analysts forecast that Cimpress will post 4.45 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.