Cimpress NV’s (CMPR) Hold Rating Reaffirmed at Jefferies Group

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Cimpress NV (NASDAQ:CMPR)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group in a report released on Tuesday. They presently have a $84.00 price target on the stock. Jefferies Group’s price objective indicates a potential downside of 16.00% from the company’s current price.
In related news, insider Katryn Blake sold 1,027 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $94.48, for a total value of $97,030.96. Following the sale, the insider now owns 12,483 shares in the company, valued at approximately $1,179,393.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Cimpress NV (NASDAQ:CMPR) traded down 0.32% during trading on Tuesday, hitting $99.68. The stock had a trading volume of 84,271 shares. Cimpress NV has a one year low of $67.89 and a one year high of $101.77. The firm has a 50 day moving average of $96.90 and a 200-day moving average of $93.23. The company has a market cap of $3.15 billion and a P/E ratio of 60.78.

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Cimpress NV (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.30. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm earned $479.20 million during the quarter, compared to analysts’ expectations of $465.46 million. Cimpress NV’s revenue was up 25.9% on a year-over-year basis. Equities analysts anticipate that Cimpress NV will post $2.14 earnings per share for the current fiscal year.
CMPR has been the topic of a number of other reports. Axiom Securities lowered Cimpress NV from a “hold” rating to a “sell” rating and set a $84.00 price target on the stock. in a research note on Wednesday, June 1st. Zacks Investment Research lowered Cimpress NV from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Cowen and Company reissued a “market perform” rating and set a $90.00 price objective (up previously from $80.00) on shares of Cimpress NV in a research note on Thursday, May 26th. Cantor Fitzgerald reissued a “hold” rating on shares of Cimpress NV in a research note on Friday. Finally, Barrington Research lowered Cimpress NV from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.67.
Several large investors have recently bought and sold shares of CMPR. TIAA CREF Investment Management LLC increased its stake in Cimpress NV by 7.6% in the first quarter. TIAA CREF Investment Management LLC now owns 754,220 shares of the company’s stock valued at $68,400,000 after buying an additional 53,182 shares in the last quarter. State Street Corp increased its stake in Cimpress NV by 2.6% in the first quarter. State Street Corp now owns 530,055 shares of the company’s stock valued at $48,067,000 after buying an additional 13,191 shares in the last quarter. Norges Bank purchased a new stake in Cimpress NV during the fourth quarter valued at about $38,056,000. Arrowpoint Asset Management LLC increased its stake in Cimpress NV by 2.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 409,910 shares of the company’s stock valued at $33,260,000 after buying an additional 10,094 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Cimpress NV by 89.1% in the fourth quarter. Lord Abbett & CO. LLC now owns 371,285 shares of the company’s stock valued at $30,126,000 after buying an additional 174,985 shares in the last quarter.
Cimpress N.V., formerly Vistaprint N.V., is engaged in the mass customization business. The Company aggregates, through the Internet, orders for a range of print, signage, apparel and similar products. The Company’s segments include Vistaprint Business Unit, Upload and Print Business Units, and All Other Business Units.

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