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 published on Wednesday morning.

Several other equities analysts have also recently weighed in on CMPR. Truist Financial cut their price objective on 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 reaffirmed an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research report on Friday, December 20th.

Cimpress Trading Up 0.5 %

Shares of NASDAQ:CMPR opened at $70.39 on Wednesday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 12.09, a P/E/G 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. The business has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $83.42.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same quarter last year, the firm earned $0.17 earnings per share. On average, sell-side analysts forecast that Cimpress will post 4.27 EPS for the current year.

Institutional Trading of Cimpress

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Public Employees Retirement System of Ohio bought a new position in shares of Cimpress during the third quarter valued at $29,000. CWM LLC boosted its position in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after buying an additional 427 shares during the last quarter. Quarry LP acquired a new stake in shares of Cimpress in the 3rd quarter valued at $111,000. Point72 Asset Management L.P. bought a new position in Cimpress in the third quarter valued at about $115,000. Finally, Meeder Asset Management Inc. acquired a new stake in Cimpress in the third quarter worth about $130,000. Institutional investors own 77.64% of the company’s stock.

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.