Barclays Maintains an 'Equalweight' on Vistaprint NV (VPRT); Margins Remain under Pressure

Barclays maintains an 'Equalweight' on Vistaprint NV (NASDAQ: VPRT) price target of $33.00.

Barclays analyst says, "While Vistaprint's 1Q FY12 report highlighted solid trends in customer, order, and AOV growth, the growth in COCA (cost of customer acquisition) continued to accelerate, driving another significant decline in operating margins. We maintain our rating until we see signs of stable or improving COCA trends (and, thus, margins) coupled with solid revenue growth."

For more ratings news on Vistaprint NV click here and for the rating history of Vistaprint NV click here.

Shares of Vistaprint NV closed at $31.64 yesterday.

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