Zacks Investment Research upgraded shares of Cimpress N.V (NASDAQ:CMPR) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $125.00 target price on the business services provider’s stock.
According to Zacks, “Cimpress has outperformed the industry year to date. 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. 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. In addition, Cimpress has been acquiring firms with complementary product offerings and expects to ramp up its revenues with operating synergies through economies of scale and technological collaboration to serve a wide spectrum of customers across the globe. However, headwinds in currency translation could add to the woes as almost half of its revenues are generated outside the United States.”
CMPR has been the subject of a number of other research reports. SunTrust Banks, Inc. reissued a hold rating and issued a $85.00 target price on shares of Cimpress N.V in a research note on Wednesday, August 16th. BidaskClub lowered Cimpress N.V from a strong-buy rating to a buy rating in a research note on Monday, July 24th. ValuEngine lowered Cimpress N.V from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, Barrington Research raised Cimpress N.V from a market perform rating to an outperform rating and set a $110.00 target price for the company in a research note on Monday, September 18th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $96.17.
Cimpress N.V (NASDAQ CMPR) traded down 0.22% during trading on Tuesday, reaching $108.90. The company’s stock had a trading volume of 199,515 shares. The stock has a 50-day moving average price of $101.93 and a 200 day moving average price of $93.11. The company’s market cap is $3.41 billion. Cimpress N.V has a 52-week low of $78.80 and a 52-week high of $110.00.
In other Cimpress N.V news, insider Katryn Blake sold 20,842 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $100.00, for a total transaction of $2,084,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Edward Quinn sold 1,659 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total value of $165,900.00. Following the transaction, the chief financial officer now directly owns 1,526 shares of the company’s stock, valued at approximately $152,600. The disclosure for this sale can be found here. Insiders have sold a total of 24,475 shares of company stock valued at $2,435,265 in the last ninety days. 11.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. BlackRock Inc. raised its position in Cimpress N.V by 49,794.4% during the 1st quarter. BlackRock Inc. now owns 1,121,627 shares of the business services provider’s stock valued at $96,674,000 after purchasing an additional 1,119,379 shares during the last quarter. Arlington Value Capital LLC raised its position in Cimpress N.V by 18.4% during the 2nd quarter. Arlington Value Capital LLC now owns 2,093,070 shares of the business services provider’s stock valued at $197,857,000 after purchasing an additional 324,977 shares during the last quarter. UBS Oconnor LLC raised its position in Cimpress N.V by 46.9% during the 2nd quarter. UBS Oconnor LLC now owns 366,015 shares of the business services provider’s stock valued at $34,599,000 after purchasing an additional 116,937 shares during the last quarter. Amussen Hunsaker & Associates LLC bought a new position in Cimpress N.V during the 2nd quarter valued at approximately $6,458,000. Finally, Rice Hall James & Associates LLC raised its position in Cimpress N.V by 26.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 245,586 shares of the business services provider’s stock valued at $23,215,000 after purchasing an additional 50,727 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.
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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