Cimpress N.V (NASDAQ:CMPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, August 9th.
According to Zacks, “Cimpress reported dismal fiscal 2017 fourth-quarter results, with wider than expected loss. Foreign currency volatility and margin pressure remain headwinds for the company. In addition, Cimpress is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. Presently, when the economy of Europe is highly unpredictable, it becomes difficult for the company to increase revenues and reduce costs. However, it has outperformed the industry in the last three months. The company is currently 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. It is making steady progress with investments in new markets and the business strategy is now focused on quality products and delivery, increased customer service and more transparent pricing.”
A number of other brokerages have also recently commented on CMPR. BidaskClub upgraded shares of Cimpress N.V from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Cantor Fitzgerald reiterated a “hold” rating on shares of Cimpress N.V in a research note on Monday, June 26th. ValuEngine cut shares of Cimpress N.V from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $84.00 price objective on shares of Cimpress N.V in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.00.
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In other Cimpress N.V news, insider Katryn Blake sold 2,309 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $95.00, for a total value of $219,355.00. Following the transaction, the insider now directly owns 11,222 shares of the company’s stock, valued at approximately $1,066,090. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sean Edward Quinn sold 1,660 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 2,422 shares in the company, valued at $230,090. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,608 shares of company stock worth $615,281. 11.50% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC increased its stake in Cimpress N.V by 18.8% in the first quarter. Janus Capital Management LLC now owns 4,013,452 shares of the business services provider’s stock worth $345,919,000 after buying an additional 634,662 shares during the last quarter. FMR LLC increased its stake in Cimpress N.V by 12.8% in the first quarter. FMR LLC now owns 2,600,000 shares of the business services provider’s stock worth $224,094,000 after buying an additional 295,000 shares during the last quarter. Arlington Value Capital LLC increased its stake in Cimpress N.V by 18.4% in the second quarter. Arlington Value Capital LLC now owns 2,093,070 shares of the business services provider’s stock worth $197,857,000 after buying an additional 324,977 shares during the last quarter. Vanguard Group Inc. increased its stake in Cimpress N.V by 2.0% in the second quarter. Vanguard Group Inc. now owns 1,607,220 shares of the business services provider’s stock worth $151,930,000 after buying an additional 31,348 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Cimpress N.V by 49,794.4% in the first quarter. BlackRock Inc. now owns 1,121,627 shares of the business services provider’s stock worth $96,674,000 after buying an additional 1,119,379 shares during the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.
About Cimpress N.V
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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