Cimpress plc (NASDAQ:CMPR) Given Average Rating of "Buy" by Analysts

Key Points

• Cimpress has a consensus analyst rating of “Buy” from five covering firms, with an average 12-month price target of $111.50.
• The company recently beat quarterly expectations, reporting $0.55 EPS versus the $0.15 estimate and revenue of $886.21 million versus the $858.80 million forecast.
• Insiders have been selling shares recently, with two EVP transactions totaling 47,240 shares sold over the last three months, while institutional investors own 77.64% of the stock.

Shares of Cimpress plc (NASDAQ:CMPR - Get Free Report) have earned a consensus recommendation of "Buy" from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $111.50.

CMPR has been the topic of a number of recent research reports. Barrington Research upped their target price on shares of Cimpress from $95.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, May 6th. Truist Financial set a $110.00 price target on shares of Cimpress in a report on Friday, May 1st. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 14th. Zacks Research upgraded shares of Cimpress from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cimpress in a research note on Wednesday, April 29th.

Cimpress Stock Down 0.8%

NASDAQ CMPR opened at $97.35 on Friday. Cimpress has a fifty-two week low of $47.76 and a fifty-two week high of $106.57. The business has a fifty day moving average of $96.07 and a 200-day moving average of $83.60. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 54.69 and a beta of 1.79.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.40. The business had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. As a group, analysts anticipate that Cimpress will post 3.81 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares of the company's stock, valued at $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Edward Quinn sold 22,980 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the transaction, the executive vice president owned 28,937 shares of the company's stock, valued at $3,027,099.57. The trade was a 44.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 47,240 shares of company stock worth $4,715,549. Corporate insiders own 10.20% of the company's stock.

Institutional Trading of Cimpress

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP acquired a new position in shares of Cimpress during the 2nd quarter valued at about $47,545,000. Handelsbanken Fonder AB lifted its holdings in shares of Cimpress by 3.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider's stock worth $701,000 after acquiring an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Cimpress in the second quarter worth approximately $33,000. Contravisory Investment Management Inc. purchased a new stake in Cimpress in the second quarter valued at approximately $284,000. Finally, Bank of America Corp DE grew its holdings in Cimpress by 2.6% in the first quarter. Bank of America Corp DE now owns 222,907 shares of the business services provider's stock valued at $16,272,000 after purchasing an additional 5,597 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

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.

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