Cimpress N.V (NASDAQ:CMPR) Given Consensus Rating of “Hold” by Brokerages

Shares of Cimpress N.V (NASDAQ:CMPR) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $83.67.

CMPR has been the topic of a number of research reports. Zacks Investment Research downgraded Cimpress N.V from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised Cimpress N.V from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. ValuEngine downgraded Cimpress N.V from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald reissued a “hold” rating on shares of Cimpress N.V in a research report on Monday, June 26th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $84.00 target price on shares of Cimpress N.V in a research report on Thursday, April 27th.

Cimpress N.V (NASDAQ CMPR) opened at 87.87 on Monday. Cimpress N.V has a 12-month low of $78.80 and a 12-month high of $104.18. The stock’s 50 day moving average is $92.23 and its 200-day moving average is $87.64. The company’s market cap is $2.76 billion.

In other news, insider Katryn Blake sold 2,309 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $95.00, for a total value of $219,355.00. Following the transaction, the insider now directly owns 11,222 shares of the company’s stock, valued at $1,066,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Edward Quinn sold 1,660 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $95.00, for a total value of $157,700.00. Following the completion of the transaction, the chief financial officer now directly owns 2,422 shares in the company, valued at $230,090. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,608 shares of company stock valued at $615,281. Corporate insiders own 11.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Cimpress N.V by 49,794.4% in the first quarter. BlackRock Inc. now owns 1,121,627 shares of the business services provider’s stock worth $96,674,000 after buying an additional 1,119,379 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Cimpress N.V by 18.8% in the first quarter. Janus Capital Management LLC now owns 4,013,452 shares of the business services provider’s stock worth $345,919,000 after buying an additional 634,662 shares during the last quarter. Norges Bank bought a new stake in shares of Cimpress N.V during the fourth quarter worth approximately $32,277,000. FMR LLC increased its stake in shares of Cimpress N.V by 12.8% in the first quarter. FMR LLC now owns 2,600,000 shares of the business services provider’s stock worth $224,094,000 after buying an additional 295,000 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in shares of Cimpress N.V by 41.4% in the first quarter. Turtle Creek Asset Management Inc. now owns 492,653 shares of the business services provider’s stock worth $42,462,000 after buying an additional 144,262 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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About Cimpress N.V

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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