Cimpress (NASDAQ:CMPR) Stock Gets Price Target Cut from Truist Financial

Cimpress (NASDAQ:CMPR) had its price target cut by Truist Financial from $108.00 to $90.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Barrington Research set a $121.00 price target on shares of Cimpress in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Cimpress Stock Up 7.3%

Shares of NASDAQ:CMPR opened at $63.41 on Monday. The firm has a market cap of $1.56 billion, a P/E ratio of 18.87 and a beta of 1.90. Cimpress has a 12-month low of $56.51 and a 12-month high of $106.57. The business has a fifty day simple moving average of $78.47 and a 200 day simple moving average of $84.00.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Cimpress

Several institutional investors and hedge funds have recently made changes to their positions in CMPR. Janus Henderson Group PLC increased its stake in shares of Cimpress by 2.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock valued at $271,063,000 after acquiring an additional 92,764 shares in the last quarter. Rubric Capital Management LP lifted its position in shares of Cimpress by 6.8% during the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after acquiring an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Cimpress during the 2nd quarter valued at $50,829,000. Wasatch Advisors LP bought a new position in Cimpress during the second quarter worth $47,545,000. Finally, Dimensional Fund Advisors LP boosted its stake in Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after acquiring an additional 18,262 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

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.