Cimpress (NASDAQ:CMPR) Downgraded to “Buy” Rating by StockNews.com

StockNews.com lowered shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

A number of other research firms also recently issued reports on CMPR. Truist Financial cut their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company 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 report on Friday, December 20th.

Cimpress Trading Down 2.1 %

NASDAQ:CMPR opened at $68.35 on Thursday. The business’s fifty day moving average price is $77.23 and its 200 day moving average price is $82.94. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.68 and a beta of 2.09. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its earnings results 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 business had revenue of $804.97 million during the quarter, compared to analyst estimates 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 company earned $0.17 EPS. Equities analysts forecast that Cimpress will post 4.27 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in shares of Cimpress in the 3rd quarter valued at approximately $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cimpress by 54.5% during the third 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 purchasing an additional 9,324 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the period. Millennium Management LLC lifted its stake in shares of Cimpress by 34.6% in the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after buying an additional 11,041 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Cimpress by 70.3% during the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after buying an additional 26,342 shares during the period. Institutional investors 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.