SunTrust Banks reaffirmed their hold rating on shares of Cimpress (NASDAQ:CMPR) in a research note published on Tuesday. SunTrust Banks currently has a $144.00 price objective on the business services provider’s stock.
CMPR has been the subject of several other reports. BidaskClub upgraded Cimpress from a buy rating to a strong-buy rating in a report on Wednesday, February 7th. Barrington Research reissued a buy rating and set a $165.00 target price on shares of Cimpress in a research report on Tuesday, May 1st. Zacks Investment Research raised shares of Cimpress from a strong sell rating to a hold rating in a research report on Tuesday, January 16th. Aegis reissued a sell rating and set a $114.00 target price on shares of Cimpress in a research report on Tuesday. Finally, ValuEngine raised shares of Cimpress from a sell rating to a hold rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Cimpress has a consensus rating of Hold and a consensus target price of $140.00.
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Shares of NASDAQ:CMPR opened at $140.77 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.54 and a debt-to-equity ratio of 9.51. Cimpress has a 1 year low of $139.76 and a 1 year high of $141.30. The firm has a market cap of $4.26 billion, a P/E ratio of -105.05, a PEG ratio of 5.30 and a beta of -0.12.
Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, May 2nd. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.24). Cimpress had a return on equity of 28.27% and a net margin of 0.65%. The firm had revenue of $636.07 million for the quarter, compared to analysts’ expectations of $615.66 million. During the same quarter in the prior year, the business posted ($1.38) earnings per share. Cimpress’s revenue was up 15.5% on a year-over-year basis. analysts anticipate that Cimpress will post 1.31 earnings per share for the current year.
In other news, CEO Katryn Blake sold 4,648 shares of the firm’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $139.60, for a total value of $648,860.80. Following the sale, the chief executive officer now directly owns 15,776 shares of the company’s stock, valued at $2,202,329.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sean Edward Quinn sold 766 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.99, for a total value of $125,616.34. Following the completion of the sale, the chief financial officer now directly owns 566 shares in the company, valued at $92,818.34. The disclosure for this sale can be found here. Insiders have sold 16,211 shares of company stock worth $2,318,023 over the last three months. Company insiders own 18.80% of the company’s stock.
Several large investors have recently modified their holdings of CMPR. CAS Investment Partners LLC acquired a new stake in shares of Cimpress in the fourth quarter valued at about $32,152,000. BlackRock Inc. grew its position in shares of Cimpress by 15.3% in the first quarter. BlackRock Inc. now owns 1,323,519 shares of the business services provider’s stock valued at $204,749,000 after purchasing an additional 175,524 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Cimpress by 1,870.0% in the fourth quarter. Two Sigma Advisers LP now owns 110,615 shares of the business services provider’s stock valued at $13,261,000 after purchasing an additional 105,000 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Cimpress by 8.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 986,897 shares of the business services provider’s stock valued at $118,309,000 after purchasing an additional 76,125 shares during the last quarter. Finally, Ironvine Capital Partners LLC acquired a new stake in shares of Cimpress in the fourth quarter valued at about $5,018,000. 98.79% of the stock is currently owned by institutional investors.
Cimpress Company Profile
Cimpress N.V. operates as a technology based company in North America, Europe, Australia, New Zealand, South America, the Asia Pacific, and internationally. It aggregates individually customized orders for a range of print, signage, apparel, and related products primarily through the Internet. The company operates through four segments: Vistaprint, Upload and Print, National Pen, and All Other Businesses.