Cimpress (NASDAQ:CMPR) Upgraded at StockNews.com

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

Several other equities analysts also recently weighed in on CMPR. Truist Financial lowered their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Stock Performance

Shares of CMPR opened at $72.18 on Thursday. Cimpress has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The firm has a 50 day moving average price of $75.97 and a 200-day moving average price of $81.87. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.66 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business 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 previous year, the company earned $0.17 EPS. As a group, equities research analysts predict that Cimpress will post 4.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 valued at $2,164,000 after acquiring an additional 9,324 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress in the 3rd quarter valued at approximately $7,582,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after purchasing an additional 26,727 shares during the period. Hennessy Advisors Inc. increased its position in shares of Cimpress by 6.9% during the 4th 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. Finally, JPMorgan Chase & Co. increased its position in shares of Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 215 shares during the last quarter. 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.