Aegis Capital Sticks to Its Hold Rating for Cimpress (CMPR)

By Ryan Adsit

In a report released yesterday, Victor Anthony from Aegis Capital maintained a Hold rating on Cimpress (CMPRResearch Report), with a price target of $80. The company’s shares closed yesterday at $90.14.

Anthony wrote:

“We updated our Cimpress model and increased our price target to $80 from $75 on higher 2020 EBITDA. See our first look note for details on F3Q19 results (here). The model continues to face growth challenges with Cimpress seeing the core Vistaprint brand reporting flat-to-negative growth for the foreseeable future, with the reduction in ad spend likely to exacerbate the decline. [For investors in Alphabet’s stock, note that Vistaprint was a significant paid search customer of Google and paid search spend accounted for the largest portion of the advertising spend reduction.] Despite the continued pressure on revenue growth, the reduction in ad spend and expense efficiencies (travel, etc.) should result in higher reported margins for the segment.”

According to, Anthony is a top 100 analyst with an average return of 15.4% and a 64.8% success rate. Anthony covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and The Meet Group Inc.

Cimpress has an analyst consensus of Hold, with a price target consensus of $88.

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Cimpress’ market cap is currently $2.77B and has a P/E ratio of 51.97. The company has a Price to Book ratio of 21.47.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock.

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Cimpress NV engages in the provision of printing services. Its activities include manufacture and sale customized orders of print, signage, apparel, and similar products. It operates through the following segments: Vistaprint; Upload and Print; National Pen; and All Ither Businesses. The Vistaprint segment focuses in the web bvusiness operation.