Zacks Research Upgrades Cimpress (NASDAQ:CMPR) to Strong-Buy

Cimpress (NASDAQ:CMPR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Cimpress in a research report on Tuesday. Finally, Citigroup reissued an “outperform” rating on shares of Cimpress in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $80.50.

Cimpress Stock Up 0.1%

CMPR stock opened at $78.01 on Wednesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 86.68 and a beta of 1.73. The stock’s fifty day simple moving average is $73.04 and its 200-day simple moving average is $64.82. Cimpress has a 52-week low of $35.21 and a 52-week high of $82.16.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a negative return on equity of 4.11% and a net margin of 0.66%. As a group, analysts anticipate that Cimpress will post 3.69 earnings per share for the current fiscal year.

Insider Transactions at Cimpress

In related news, EVP Maarten Wensveen sold 22,830 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the sale, the executive vice president directly owned 20,587 shares in the company, valued at approximately $1,407,327.32. This trade represents a 52.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sean Edward Quinn purchased 4,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $62.79 per share, with a total value of $251,160.00. Following the acquisition, the executive vice president owned 36,484 shares in the company, valued at $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 10.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMPR. Rubric Capital Management LP increased 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 worth $74,437,000 after purchasing an additional 619,360 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Cimpress by 66.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after buying an additional 503,849 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Cimpress by 89.0% in the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after buying an additional 139,482 shares during the last quarter. Millennium Management LLC increased its stake in shares of Cimpress by 1,215.4% in the third quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock worth $8,003,000 after buying an additional 117,307 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Cimpress in the second quarter valued at $3,183,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.