Cimpress N.V (NASDAQ:CMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, July 4th. The firm presently has a $109.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 25.16% from the company’s previous close.
According to Zacks, “Cimpress is making steady progress with investments in new markets and the business strategy is now focused on higher quality products and delivery, increased customer service and more transparent pricing. Management has also decided to implement a radical change in the organizational structure by decentralizing operations in order to improve accountability for customer satisfaction and capital returns, simplify decision-making and improve the speed of execution. Cimpress has also outperformed the industry year to date. The evolved corporate structure will enable the company to be nimble and entrepreneurial and will yield cost savings due to lower share-based compensation expense. However, margin pressures and currency translation risks related to Brexit remain significant headwinds for the company. Cimpress faces significant competition from traditional graphic design and printing companies and other online suppliers.”
A number of other research firms also recently commented on CMPR. Cantor Fitzgerald reiterated a “hold” rating on shares of Cimpress N.V in a report on Monday, June 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $84.00 price objective on shares of Cimpress N.V in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $89.60.
Cimpress N.V (NASDAQ CMPR) traded down 0.07% during midday trading on Tuesday, reaching $87.09. The company’s stock had a trading volume of 584,394 shares. The stock’s 50 day moving average price is $92.75 and its 200-day moving average price is $87.98. The stock’s market cap is $2.74 billion. Cimpress N.V has a one year low of $78.80 and a one year high of $104.18.
Cimpress N.V (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, April 26th. The business services provider reported ($1.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $1.96. The company had revenue of $550.59 million during the quarter, compared to analysts’ expectations of $533.58 million. Cimpress N.V had a negative net margin of 0.98% and a negative return on equity of 16.12%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.06) earnings per share. On average, analysts forecast that Cimpress N.V will post $0.62 EPS for the current fiscal year.
In related news, insider Katryn Blake sold 723 shares of Cimpress N.V stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $90.99, for a total value of $65,785.77. Following the completion of the sale, the insider now owns 13,531 shares in the company, valued at approximately $1,231,185.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Edward Quinn sold 1,660 shares of Cimpress N.V stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $157,700.00. Following the completion of the sale, the chief financial officer now owns 2,422 shares of the company’s stock, valued at approximately $230,090. The disclosure for this sale can be found here. Insiders sold a total of 6,608 shares of company stock valued at $615,281 in the last quarter. 11.50% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Cimpress N.V by 1.3% in the first quarter. Principal Financial Group Inc. now owns 3,588 shares of the business services provider’s stock valued at $309,000 after buying an additional 46 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Cimpress N.V by 0.5% in the first quarter. Eqis Capital Management Inc. now owns 9,282 shares of the business services provider’s stock valued at $800,000 after buying an additional 49 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Cimpress N.V by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 13,853 shares of the business services provider’s stock valued at $1,269,000 after buying an additional 180 shares in the last quarter. Strs Ohio boosted its position in shares of Cimpress N.V by 57.1% in the second quarter. Strs Ohio now owns 1,100 shares of the business services provider’s stock valued at $103,000 after buying an additional 400 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Cimpress N.V by 1.3% in the first quarter. Swiss National Bank now owns 39,100 shares of the business services provider’s stock valued at $3,370,000 after buying an additional 500 shares in the last quarter. 99.40% of the stock is owned by institutional investors.
Cimpress N.V Company Profile
Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.
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