Cimpress plc (NASDAQ:CMPR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Cimpress a “Moderate Buy” consensus: Three of five analysts recommend buying the stock, while two rate it a hold. The average 12-month price target is $114.50, above the reported $84.77 share price.
• Recent earnings fell short of expectations: Cimpress reported quarterly EPS of $0.97 versus the $1.22 consensus estimate, while revenue of $944.96 million was approximately in line with forecasts.
• Insider selling contrasted with institutional ownership: CEO Robert Keane sold 6,500 shares valued at about $624,585, while institutional investors own 77.64% of the company’s stock.

Cimpress plc (NASDAQ:CMPR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $114.50.

A number of research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Truist Financial cut 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. Barrington Research set a $121.00 price target on shares of Cimpress in a report on Tuesday, August 11th. Zacks Research downgraded shares of Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Wall Street Zen cut Cimpress from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th.

Insider Activity at Cimpress

In other news, CEO Robert Keane sold 6,500 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total transaction of $624,585.00. Following the completion of the transaction, the chief executive officer directly owned 76,177 shares of the company's stock, valued at $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in 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 in the last quarter. Quantinno Capital Management LP increased its stake 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 acquiring an additional 189 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Cimpress by 3.0% in 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 last quarter. Ieq Capital LLC boosted its holdings in Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider's stock valued at $3,866,000 after acquiring an additional 220 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 225 shares during the last quarter. Institutional investors own 77.64% of the company's stock.

Cimpress Stock Performance

CMPR opened at $84.77 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 22.49 and a beta of 1.80. The stock has a fifty day moving average of $94.33 and a 200-day moving average of $87.64. Cimpress has a fifty-two week low of $56.34 and a fifty-two week high of $106.57.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). The firm had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. On average, equities research analysts predict that Cimpress will post 4.38 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.