Cimpress’ (CMPR) Outperform Rating Reaffirmed at Barrington Research

Cimpress (NASDAQ:CMPR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a report released on Wednesday,Benzinga reports. They currently have a $119.00 price target on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 63.35% from the company’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial reduced their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $72.85 on Wednesday. Cimpress has a 52-week low of $58.05 and a 52-week high of $104.92. The company’s 50 day moving average price is $75.83 and its 200-day moving average price is $81.59. The company has a market capitalization of $1.83 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09.

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

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after acquiring an additional 13,297 shares during the period. SG Americas Securities LLC raised its holdings in shares of Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 4,261 shares in the last quarter. Hennessy Advisors Inc. lifted its position in Cimpress by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares during the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Cimpress during the 4th quarter worth $204,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Cimpress in the 4th quarter worth about $263,000. 77.64% of the stock is currently owned by institutional investors.

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.