Cimpress (NASDAQ:CMPR) Stock Price Target Lowered at Barrington Research

Cimpress (NASDAQ:CMPR) had its target price trimmed by Barrington Research from $121.00 to $102.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

CMPR has been the topic of several other research reports. Weiss Ratings lowered shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Truist Financial decreased their price target on Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Cimpress presently has an average rating of “Moderate Buy” and an average target price of $96.00.

Cimpress Stock Down 8.9%

NASDAQ CMPR traded down $5.54 on Friday, reaching $56.38. 347,401 shares of the stock traded hands, compared to its average volume of 254,653. Cimpress has a 12 month low of $55.47 and a 12 month high of $106.57. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 16.78 and a beta of 1.90. The firm’s fifty day simple moving average is $77.31 and its 200 day simple moving average is $83.81.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.91). The firm had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Cimpress had a net margin of 2.25% and a negative return on equity of 17.64%. As a group, equities research analysts forecast that Cimpress will post 4.38 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the completion of the sale, the chief executive officer directly owned 764,000 shares in the company, valued at $64,848,320. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 34,500 shares of company stock worth $3,001,585 in the last three months. Company insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in Cimpress by 15.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 28,275 shares of the business services provider’s stock valued at $2,202,000 after buying an additional 3,707 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Cimpress by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,724 shares of the business services provider’s stock worth $1,105,000 after purchasing an additional 574 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cimpress during the 3rd quarter valued at about $447,000. Sterling Capital Management LLC grew its position in shares of Cimpress by 14.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,774 shares of the business services provider’s stock worth $291,000 after buying an additional 470 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Cimpress during the third quarter worth approximately $39,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Company Profile

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.