Cimpress NV (CMPR) is Downgraded by Axiom Capital to Sell, Price Target at $84

Cimpress NV (CMPR) was Downgraded by Axiom Capital to ” Sell” and the brokerage firm has set the Price Target at $84. Earlier the firm had a rating of “Hold ” on the company shares. Axiom Capital advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Cimpress NV. Cimpress NV was Downgraded by Cantor Fitzgerald to ” Hold” on Apr 26, 2016.

On the company’s financial health, Cimpress NV reported $-1.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.98 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.08. The company had revenue of $436.82 million for the quarter, compared to analysts expectations of $395.74 million. The company’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Cimpress NV opened for trading at $99.28 and hit $100.37 on the upside on Friday, eventually ending the session at $100.01, with a gain of 1.03% or 1.02 points. The heightened volatility saw the trading volume jump to 2,82,885 shares. Company has a market cap of $3,147 M.

In a different news, on May 18, 2016, Katryn Blake (Pres, Vistaprint Business Unit) sold 3,112 shares at $93.87 per share price. According to the SEC, on May 18, 2016, Sean Edward Quinn (SVP, Chief Financial Officer) sold 275 shares at $94.95 per share price. On May 12, 2016, John J Jr Gavin (director) sold 14,943 shares at $95.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Cimpress NV formerly Vistaprint NV is a technology and manufacturing company based in the Netherlands which provides professional marketing products and services. It is engaged in mass customization and Web-to-print technology. The Company aggregates via the Internet large volumes of individually small customized orders for a spectrum of print signage apparel and similar products. Its portfolio of brands is aimed at three target groups: small and micro businesses graphic professionals and home and family customers and includes such brands as Vistaprint pagemodo webs Araprint Pixartprinting printi albelli FotoKnudsen and Onskefoto among others. Its products are available in more than 130 countries.

Cimpress NV

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Cimpress NV - Is it time to Sell?

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