Cimpress (NASDAQ:CMPR) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

A number of other research analysts have also recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a report on Friday, December 20th. Truist Financial decreased their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Cimpress Price Performance

CMPR stock opened at $73.12 on Thursday. Cimpress has a 1 year low of $58.05 and a 1 year high of $104.92. The company’s 50-day moving average is $76.08 and its 200-day moving average is $82.03. The stock has a market capitalization of $1.84 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The firm had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts anticipate that Cimpress will post 4.06 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cimpress by 54.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 9,324 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Cimpress in the third quarter valued at approximately $7,582,000. Diamond Hill Capital Management Inc. increased its position in shares of Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Cimpress by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after acquiring an additional 7,100 shares during the period. Finally, Barclays PLC boosted its position in Cimpress by 70.3% in the third quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after purchasing an additional 26,342 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.