Cimpress (NASDAQ:CMPR) Given New $110.00 Price Target at Truist Financial

Cimpress (NASDAQ:CMPR) had its target price lowered by Truist Financial from $120.00 to $110.00 in a report released on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

Several other research firms have also issued reports on CMPR. Barrington Research increased their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Cimpress Trading Up 3.2 %

CMPR stock traded up $2.24 during trading hours on Friday, hitting $71.25. 247,631 shares of the stock were exchanged, compared to its average volume of 128,279. The firm has a market capitalization of $1.80 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.58 and a beta of 2.05. The company has a 50-day simple moving average of $83.47 and a two-hundred day simple moving average of $85.80. Cimpress has a 12 month low of $58.01 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $0.77 by $3.56. The firm had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a negative return on equity of 27.05% and a net margin of 4.69%. On average, equities research analysts predict that Cimpress will post 4.4 earnings per share for the current year.

Insider Transactions at Cimpress

In other news, CEO Robert S. Keane sold 396 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the sale, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at $2,054,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the sale, the chief executive officer now directly owns 986,785 shares in the company, valued at $96,260,876.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,116 shares of company stock valued at $7,019,606. 17.80% of the stock is owned by corporate insiders.

Institutional Trading of Cimpress

Several large investors have recently bought and sold shares of the business. CWM LLC raised its position in Cimpress by 166.3% in the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares during the last quarter. Principal Financial Group Inc. bought a new position in Cimpress in the first quarter valued at about $200,000. Legacy Capital Group California Inc. bought a new position in Cimpress in the second quarter valued at about $202,000. Optimist Retirement Group LLC bought a new position in Cimpress in the second quarter valued at about $204,000. Finally, GM Advisory Group LLC bought a new position in Cimpress in the first quarter valued at about $239,000. 77.64% of the stock is owned by institutional investors and hedge funds.

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.