Cimpress NV (NASDAQ:CMPR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Analyst Ratings.Net reports.

According to Zacks, “Cimpress is currently shifting its value proposition towards free-offer direct marketing efforts to tap the large market opportunity beyond the traditional base of highly price-sensitive customers. This is adversely affecting its profitability as its gross margins fell to 60.2% from 64.4% in the year-ago period. Intense competition and adverse foreign currency impact are also hampering Cimpress’ operations. Operating risks related to strategic brand repositioning remain another significant headwind for the company. However, Cimpress’s second-quarter fiscal 2016 adjusted earnings comfortably beat the Zacks Consensus Estimate by $0.76 as revenues increased significantly. The company remains bullish on inorganic growth and strategic investments for brand repositioning.”

A number of other equities research analysts have also recently issued reports on CMPR. TheStreet upgraded Cimpress NV from a “hold” rating to a “buy” rating in a research note on Friday, October 16th. Barrington Research boosted their price objective on Cimpress NV from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, December 4th. Cantor Fitzgerald restated a “buy” rating and issued a $86.00 price objective on shares of Cimpress NV in a research note on Tuesday, December 22nd. SunTrust boosted their price objective on Cimpress NV from $75.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, December 30th. Finally, Barclays cut Cimpress NV from an “equal weight” rating to an “underweight” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, January 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.50.

In other news, insider Donald R. Nelson sold 4,200 shares of the business’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $80.00, for a total transaction of $336,000.00. Following the completion of the transaction, the insider now owns 32,667 shares of the company’s stock, valued at $2,613,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ernst Teunissen sold 10,565 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $80.16, for a total value of $846,890.40. Following the transaction, the insider now directly owns 31,868 shares of the company’s stock, valued at approximately $2,554,538.88. The disclosure for this sale can be found here.

Cimpress NV (NASDAQ:CMPR) traded down 0.14% on Thursday, hitting $78.41. 353,967 shares of the stock were exchanged. The firm has a market cap of $2.46 billion and a PE ratio of 36.03. Cimpress NV has a 52-week low of $63.15 and a 52-week high of $94.57. The company has a 50-day moving average price of $78.03 and a 200-day moving average price of $77.66.

Cimpress NV (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 27th. The company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.13. During the same period last year, the firm posted $2.12 earnings per share. The company earned $496.30 million during the quarter, compared to analysts’ expectations of $491.30 million. Cimpress NV’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cimpress NV will post $3.66 EPS for the current fiscal year.

Other hedge funds and institutional investors have modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Cimpress NV by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 60,828 shares of the company’s stock valued at $4,936,000 after buying an additional 1,016 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Cimpress NV by 2.3% in the fourth quarter. Nationwide Fund Advisors now owns 21,520 shares of the company’s stock valued at $1,746,000 after buying an additional 481 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Cimpress NV by 72.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 183,008 shares of the company’s stock valued at $14,849,000 after buying an additional 76,830 shares during the last quarter. Finally, Janus Capital Management raised its position in shares of Cimpress NV by 15.6% in the third quarter. Janus Capital Management now owns 2,268,271 shares of the company’s stock valued at $172,638,000 after buying an additional 306,178 shares during the last quarter.

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, Drukwerkdeal.nl, Pixartprinting, Printdeal.be, printi, albelli, FotoKnudsen, and Onskefoto, among others. Its products are available in more than 130 countries.

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