Cimpress NV (NASDAQ:CMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $106.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 11.81% from the stock’s current price.
According to Zacks, “Cimpress is shifting its value proposition away from deep discounts and free-offer direct marketing efforts to tap the large market opportunity beyond the traditional base of highly price-sensitive customers and sustain the tough competition. In addition, Cimpress has been acquiring firms with complementary product offerings to ramp up its revenues with operating synergies through economies of scale and technological collaboration. Cimpress’ business is also scalable and its web presence and online tools for customer use are well established. The company is able to execute multiple orders in one print run by utilizing high-end printing presses that improve its profitability. Cimpress has a positive earnings history in the trailing four quarters, beating estimates on all occasions while current estimates have remained steady over the last 30 days. However, currency translation and margin pressures remain headwinds for the company.”
CMPR has been the topic of several other reports. Jefferies Group restated a “hold” rating and set a $84.00 price objective on shares of Cimpress NV in a report on Monday, August 22nd. Cantor Fitzgerald restated a “hold” rating on shares of Cimpress NV in a report on Friday, September 2nd. Finally, Axiom Securities reduced their price objective on Cimpress NV from $84.00 to $80.00 and set a “sell” rating on the stock in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Cimpress NV currently has a consensus rating of “Hold” and a consensus target price of $85.00.
Cimpress NV (NASDAQ:CMPR) traded up 0.47% during mid-day trading on Wednesday, reaching $95.25. The company had a trading volume of 72,001 shares. The stock’s 50-day moving average price is $99.42 and its 200 day moving average price is $95.92. The firm has a market capitalization of $3.01 billion, a PE ratio of 58.08 and a beta of 0.74. Cimpress NV has a 52 week low of $67.89 and a 52 week high of $104.18.
Cimpress NV (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.81 by $0.30. The firm had revenue of $479.20 million for the quarter, compared to analysts’ expectations of $465.46 million. Cimpress NV had a return on equity of 99.28% and a net margin of 2.91%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, equities research analysts predict that Cimpress NV will post $1.85 EPS for the current year.
In other news, insider Katryn Blake sold 1,027 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $94.48, for a total value of $97,030.96. Following the completion of the sale, the insider now owns 12,483 shares of the company’s stock, valued at approximately $1,179,393.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.10% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Janus Capital Management LLC boosted its stake in shares of Cimpress NV by 12.9% in the second quarter. Janus Capital Management LLC now owns 2,316,878 shares of the company’s stock worth $214,265,000 after buying an additional 265,498 shares in the last quarter. Ingalls & Snyder LLC purchased a new stake in shares of Cimpress NV during the second quarter worth approximately $15,431,000. FMR LLC boosted its stake in shares of Cimpress NV by 7.0% in the second quarter. FMR LLC now owns 2,140,000 shares of the company’s stock worth $197,907,000 after buying an additional 140,000 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in shares of Cimpress NV by 6.2% in the second quarter. Cantillon Capital Management LLC now owns 1,599,905 shares of the company’s stock worth $147,959,000 after buying an additional 93,698 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Cimpress NV during the second quarter worth approximately $3,028,000. 94.45% of the stock is owned by institutional investors.
About Cimpress NV
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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