Cimpress (NASDAQ:CMPR) Lowered to Buy Rating by StockNews.com

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

CMPR has been the topic of several other research reports. Truist Financial dropped their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research report on Friday, December 20th.

Cimpress Stock Performance

Shares of NASDAQ:CMPR opened at $69.80 on Thursday. Cimpress has a 52-week low of $58.05 and a 52-week high of $104.92. The company has a market capitalization of $1.76 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The company has a fifty day moving average of $77.29 and a 200-day moving average of $83.06.

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 analyst estimates of $800.51 million. During the same period in the previous year, the company earned $0.17 EPS. On average, equities analysts forecast that Cimpress will post 4.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

Several institutional investors have recently made changes to their positions in CMPR. Diversified Trust Co boosted its position in shares of Cimpress by 11.3% during the 4th quarter. Diversified Trust Co now owns 5,389 shares of the business services provider’s stock worth $386,000 after purchasing an additional 549 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after acquiring an additional 215 shares during the period. Franklin Resources Inc. increased its holdings in shares of Cimpress by 1.3% during the third quarter. Franklin Resources Inc. now owns 30,833 shares of the business services provider’s stock valued at $2,524,000 after acquiring an additional 400 shares in the last quarter. Optimist Retirement Group LLC raised its position in shares of Cimpress by 15.1% during the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock worth $220,000 after purchasing an additional 352 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Cimpress by 70.3% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

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.