Cimpress plc (NASDAQ:CMPR) Receives Average Rating of “Buy” from Analysts

Shares of Cimpress plc (NASDAQ:CMPR) have earned an average recommendation of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $111.50.

Several research firms have recently weighed in on CMPR. Barrington Research lifted their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a research report on Friday, May 1st.

Insiders Place Their Bets

In other Cimpress news, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction dated 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 sale, the executive vice president owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 28,937 shares in the company, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 47,240 shares of company stock valued at $4,715,549. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Cimpress by 2.6% during the 1st quarter. Bank of America Corp DE now owns 222,907 shares of the business services provider’s stock worth $16,272,000 after acquiring an additional 5,597 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Cimpress by 2.6% during the first quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after purchasing an additional 92,764 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Cimpress by 27.7% during the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after purchasing an additional 177 shares during the last quarter. California State Teachers Retirement System grew its position in Cimpress by 18.4% in the first quarter. California State Teachers Retirement System now owns 17,049 shares of the business services provider’s stock valued at $1,245,000 after purchasing an additional 2,648 shares in the last quarter. Finally, Rubric Capital Management LP grew its position in Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after purchasing an additional 104,419 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

Shares of Cimpress stock opened at $97.62 on Monday. The stock’s fifty day simple moving average is $92.72 and its 200 day simple moving average is $80.73. The company has a market capitalization of $2.37 billion, a PE ratio of 54.84 and a beta of 1.79. Cimpress has a 12 month low of $42.08 and a 12 month high of $106.13.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The firm had revenue of $886.21 million during the quarter, compared to analysts’ expectations of $858.80 million. Analysts predict that Cimpress will post 3.81 EPS for the current fiscal year.

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.