Cimpress (NASDAQ:CMPR) Cut to Buy at StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

CMPR has been the topic of several other research reports. Barrington Research upped their price objective on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Truist Financial upped their price objective on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Cimpress Stock Down 0.9 %

CMPR stock opened at $81.15 on Monday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.67 and a beta of 2.03. Cimpress has a 12-month low of $57.01 and a 12-month high of $104.92. The company’s fifty day simple moving average is $86.09 and its 200 day simple moving average is $87.35.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The business had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. Research analysts expect that Cimpress will post 4.4 earnings per share for the current year.

Insider Transactions at Cimpress

In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,116 shares of company stock valued at $7,019,606 over the last three months. Corporate insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently added to or reduced their stakes in CMPR. CWM LLC grew its position in Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after purchasing an additional 519 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Cimpress in the 1st quarter worth about $200,000. Legacy Capital Group California Inc. bought a new stake in Cimpress in the 2nd quarter worth about $202,000. Optimist Retirement Group LLC bought a new stake in Cimpress in the 2nd quarter worth about $204,000. Finally, GM Advisory Group LLC bought a new stake in Cimpress in the 1st quarter worth about $239,000. 77.64% of the stock is owned by institutional investors.

About Cimpress

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.