Wall Street Zen Upgrades Cimpress (NASDAQ:CMPR) to Strong-Buy

Cimpress (NASDAQ:CMPR) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

CMPR has been the topic of several other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Truist Financial set a $100.00 target price on shares of Cimpress in a research report on Friday, January 30th. Barrington Research boosted their price target on shares of Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Cimpress has an average rating of “Buy” and a consensus target price of $97.50.

Cimpress Stock Performance

NASDAQ CMPR opened at $75.64 on Friday. Cimpress has a 1 year low of $35.21 and a 1 year high of $82.43. The business’s fifty day moving average is $73.97 and its two-hundred day moving average is $66.42. The stock has a market capitalization of $1.84 billion, a P/E ratio of 84.05 and a beta of 1.75.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.34. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. On average, research analysts forecast that Cimpress will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently modified their holdings of the stock. First Horizon Corp bought a new stake in shares of Cimpress during the 3rd quarter worth about $27,000. Allworth Financial LP lifted its holdings in Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after purchasing an additional 370 shares during the last quarter. Headlands Technologies LLC boosted its position in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares during the period. Raymond James Financial Inc. bought a new stake in Cimpress during the second quarter worth approximately $51,000. Finally, Quarry LP bought a new position in shares of Cimpress in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.