Cimpress N.V (NASDAQ:CMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, July 31st. The brokerage currently has a $98.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.65% from the company’s previous close.
According to Zacks, “Cimpress reported dismal fiscal 2017 fourth-quarter results, with wider than expected loss. The company faces significant competition from traditional graphic design and printing companies and other online suppliers. 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 higher quality products and delivery, increased customer service and more transparent pricing to promote long-term customer relationships. Management has also decided to implement a radical change in the organizational structure by decentralizing operations to improve accountability for customer satisfaction and capital returns.”
Several other brokerages have also recently weighed in on CMPR. BidaskClub upgraded Cimpress N.V from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. ValuEngine cut Cimpress N.V from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald restated a “hold” rating on shares of Cimpress N.V in a research note on Monday, June 26th. Finally, Jefferies Group LLC restated a “hold” rating and set a $84.00 price objective on shares of Cimpress N.V in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $88.00.
Cimpress N.V (NASDAQ:CMPR) traded up 0.93% during mid-day trading on Monday, reaching $88.57. 170,776 shares of the company traded hands. Cimpress N.V has a one year low of $78.80 and a one year high of $104.18. The stock’s 50-day moving average price is $91.70 and its 200-day moving average price is $87.54. The firm’s market cap is $2.77 billion.
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In related news, CFO Sean Edward Quinn sold 1,660 shares of Cimpress N.V stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $95.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Katryn Blake sold 2,309 shares of Cimpress N.V stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $95.00, for a total value of $219,355.00. Following the completion of the sale, the insider now directly owns 11,222 shares of the company’s stock, valued at approximately $1,066,090. The disclosure for this sale can be found here. Insiders have sold a total of 6,608 shares of company stock worth $615,281 over the last quarter. Company insiders own 11.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Strs Ohio raised its stake 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 during the period. Penserra Capital Management LLC raised its position in Cimpress N.V by 76.8% in the first quarter. Penserra Capital Management LLC now owns 1,536 shares of the business services provider’s stock worth $132,000 after buying an additional 667 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Cimpress N.V during the first quarter worth $187,000. Legato Capital Management LLC bought a new position in Cimpress N.V during the second quarter worth $217,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Cimpress N.V during the first quarter worth $218,000. 98.58% of the stock is owned by 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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