Cimpress (NASDAQ:CMPR) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a report issued on Thursday morning.

CMPR has been the subject of several other research reports. Truist Financial reduced their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st. Barrington Research reissued an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Stock Down 1.3 %

Shares of NASDAQ:CMPR opened at $72.18 on Thursday. The business’s 50 day moving average is $75.97 and its 200 day moving average is $81.87. The stock has a market cap of $1.82 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09. Cimpress has a 52-week low of $58.05 and a 52-week high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly 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). The firm had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the previous year, the company posted $0.17 EPS. On average, sell-side analysts anticipate that Cimpress will post 4.06 EPS for the current fiscal year.

Institutional Trading of Cimpress

A number of institutional investors have recently modified their holdings of CMPR. Janus Henderson Group PLC increased its position in Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after buying an additional 140,899 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after acquiring an additional 4,441 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after acquiring an additional 26,727 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Cimpress by 9.1% during the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after acquiring an additional 13,297 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in shares of Cimpress by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

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.