Cimpress (NASDAQ:CMPR) Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a hold rating in a report published on Wednesday morning, BidAskClub reports.

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Cimpress from a c+ rating to a b- rating in a research report on Friday, October 18th. SunTrust Banks reaffirmed a hold rating and set a $128.00 price target on shares of Cimpress in a report on Thursday, November 14th. ValuEngine downgraded Cimpress from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Barrington Research restated a hold rating on shares of Cimpress in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of Hold and an average price target of $102.67.

Cimpress stock traded up $2.47 during midday trading on Wednesday, reaching $124.85. 2,939 shares of the stock traded hands, compared to its average volume of 214,491. Cimpress has a 12-month low of $73.74 and a 12-month high of $145.09. The company has a 50-day simple moving average of $133.41 and a two-hundred day simple moving average of $113.40. The firm has a market cap of $3.57 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.39 and a beta of 0.05. The company has a current ratio of 0.49, a quick ratio of 0.34 and a debt-to-equity ratio of 8.00.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.24. The business had revenue of $634.00 million for the quarter, compared to analysts’ expectations of $629.98 million. Cimpress had a return on equity of 173.17% and a net margin of 4.64%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.47) earnings per share. Equities research analysts anticipate that Cimpress will post 4.38 earnings per share for the current year.

In related news, insider Scott J. Vassalluzzo sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $135.00, for a total value of $101,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. boosted its holdings in shares of Cimpress by 4.9% during the second quarter. Wasatch Advisors Inc. now owns 830,884 shares of the business services provider’s stock worth $75,519,000 after purchasing an additional 38,999 shares during the last quarter. Bares Capital Management Inc. lifted its position in Cimpress by 13.1% during the second quarter. Bares Capital Management Inc. now owns 430,811 shares of the business services provider’s stock worth $39,156,000 after buying an additional 49,825 shares during the period. BBT Capital Management LLC acquired a new stake in Cimpress in the 2nd quarter worth about $397,000. Envestnet Asset Management Inc. boosted its stake in Cimpress by 7.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,963 shares of the business services provider’s stock worth $654,000 after buying an additional 324 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Cimpress in the 2nd quarter valued at about $295,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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