Cimpress (NASDAQ:CMPR) Raised to “Strong-Buy” at StockNews.com

Cimpress (NASDAQ:CMPR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Truist Financial lowered their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a report on Friday, December 20th.

Cimpress Stock Down 0.3 %

NASDAQ:CMPR traded down $0.22 during midday trading on Wednesday, hitting $71.72. The company had a trading volume of 106,399 shares, compared to its average volume of 150,750. The company has a market capitalization of $1.80 billion, a PE ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 2.08. Cimpress has a 52-week low of $58.05 and a 52-week high of $104.92. The stock’s fifty day moving average price is $77.94 and its 200-day moving average price is $83.69.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The firm had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, research analysts forecast that Cimpress will post 4.27 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

Several institutional investors and hedge funds have recently modified their holdings of CMPR. Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress during the third quarter valued at approximately $29,000. CWM LLC increased its holdings in shares of Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after purchasing an additional 427 shares in the last quarter. Quarry LP purchased a new position in shares of Cimpress in the third quarter worth $111,000. Point72 Asset Management L.P. bought a new position in shares of Cimpress during the third quarter valued at $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter valued at $130,000. 77.64% of the stock is currently owned by institutional investors.

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.