BidaskClub Lowers Cimpress (CMPR) to Sell

BidaskClub downgraded shares of Cimpress (NASDAQ:CMPR) from a hold rating to a sell rating in a research note released on Friday morning.

Several other analysts have also issued reports on CMPR. SunTrust Banks restated a hold rating and set a $155.00 price target on shares of Cimpress in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Cimpress from a hold rating to a strong sell rating in a research report on Monday, August 6th. ValuEngine lowered shares of Cimpress from a buy rating to a hold rating in a research report on Tuesday, September 4th. Finally, Barrington Research set a $165.00 price target on shares of Cimpress and gave the company a buy rating in a research report on Wednesday, September 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $142.75.

NASDAQ CMPR opened at $124.08 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 9.26. Cimpress has a 12-month low of $99.01 and a 12-month high of $171.76. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 148.13, a price-to-earnings-growth ratio of 2.12 and a beta of -0.19.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.18. Cimpress had a net margin of 1.69% and a return on equity of 27.10%. The business had revenue of $631.13 million during the quarter, compared to analyst estimates of $635.71 million. Sell-side analysts predict that Cimpress will post 3.23 earnings per share for the current fiscal year.

In other news, insider Sean Edward Quinn sold 777 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $139.40, for a total transaction of $108,313.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cornelis David Arends acquired 400 shares of the stock in a transaction dated Monday, August 6th. The shares were purchased at an average cost of $144.30 per share, with a total value of $57,720.00. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.

Several large investors have recently modified their holdings of CMPR. Summit Trail Advisors LLC raised its stake in shares of Cimpress by 11,991.2% during the first quarter. Summit Trail Advisors LLC now owns 1,047,458 shares of the business services provider’s stock valued at $1,047,000 after acquiring an additional 1,038,795 shares during the last quarter. BlackRock Inc. raised its stake in Cimpress by 15.3% in the first quarter. BlackRock Inc. now owns 1,323,519 shares of the business services provider’s stock worth $204,749,000 after buying an additional 175,524 shares in the last quarter. Janus Henderson Group PLC raised its stake in Cimpress by 4.6% in the second quarter. Janus Henderson Group PLC now owns 3,715,968 shares of the business services provider’s stock worth $538,667,000 after buying an additional 164,596 shares in the last quarter. UBS Group AG raised its stake in Cimpress by 102.9% in the first quarter. UBS Group AG now owns 2,719 shares of the business services provider’s stock worth $421,000 after buying an additional 95,255 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Cimpress by 61.9% in the second quarter. Renaissance Technologies LLC now owns 176,622 shares of the business services provider’s stock worth $25,603,000 after buying an additional 67,522 shares in the last quarter. 87.61% 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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