Cimpress (NASDAQ:CMPR) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Cimpress from “Buy” to “Hold,” though the broader analyst consensus remains “Buy” with a $114.50 price target.
• Cimpress shares opened at $94.46, down 3.0%, while the company’s latest quarterly earnings missed expectations: EPS was $0.97 versus the $1.22 consensus estimate.
• Insiders sold 34,489 shares worth approximately $3.55 million over the past three months, while institutional investors own 77.64% of the company.

Cimpress (NASDAQ:CMPR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Truist Financial lowered their target price on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Weiss Ratings raised Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Barrington Research set a $121.00 target price on Cimpress in a report on Tuesday. Finally, Zacks Research raised Cimpress from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cimpress has an average rating of "Buy" and a consensus price target of $114.50.

Cimpress Stock Down 3.0%

NASDAQ CMPR opened at $94.46 on Friday. Cimpress has a 52 week low of $56.34 and a 52 week high of $106.57. The business has a 50 day moving average price of $95.63 and a 200-day moving average price of $85.95. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 25.06 and a beta of 1.80.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) 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 business had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. On average, equities research analysts anticipate that Cimpress will post 4.45 earnings per share for the current year.

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn sold 22,980 shares of Cimpress stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the transaction, the executive vice president owned 28,937 shares of the company's stock, valued at $3,027,099.57. This trade represents a 44.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert S. Keane sold 6,500 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total value of $624,585.00. Following the completion of the transaction, the chief executive officer owned 76,177 shares in the company, valued at $7,319,847.93. The trade was a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 34,489 shares of company stock worth $3,550,561. Insiders own 10.20% of the company's stock.

Institutional Investors Weigh In On Cimpress

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider's stock worth $60,000 after buying an additional 177 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Cimpress by 2.7% during the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider's stock worth $523,000 after buying an additional 189 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Cimpress by 3.0% during the second quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider's stock worth $701,000 after buying an additional 200 shares during the last quarter. Ieq Capital LLC raised its position in Cimpress by 0.4% in the fourth quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider's stock worth $3,866,000 after acquiring an additional 220 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Cimpress by 2.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider's stock worth $593,000 after acquiring an additional 225 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

About Cimpress

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.

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