Cimpress (NASDAQ:CMPR) Stock Rating Lowered by StockNews.com

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

A number of other brokerages also recently issued reports on CMPR. Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th. Truist Financial decreased their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Cimpress Stock Down 0.8 %

CMPR stock opened at $69.80 on Thursday. The firm has a market capitalization of $1.76 billion, a PE ratio of 11.99, a P/E/G ratio of 0.68 and a beta of 2.09. Cimpress has a twelve month low of $58.05 and a twelve month high of $104.92. The stock’s 50 day moving average is $77.29 and its 200-day moving average is $83.06.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter last year, the business posted $0.17 earnings per share. On average, equities research analysts anticipate that Cimpress will post 4.27 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of large investors have recently added to or reduced their stakes in CMPR. Diversified Trust Co boosted its stake in Cimpress by 11.3% in the fourth quarter. Diversified Trust Co now owns 5,389 shares of the business services provider’s stock valued at $386,000 after acquiring an additional 549 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 215 shares during the last quarter. Franklin Resources Inc. grew its holdings in Cimpress by 1.3% during the third quarter. Franklin Resources Inc. now owns 30,833 shares of the business services provider’s stock valued at $2,524,000 after purchasing an additional 400 shares during the period. Optimist Retirement Group LLC increased its position in Cimpress by 15.1% in the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock worth $220,000 after buying an additional 352 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Cimpress by 70.3% in the third quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock valued at $5,229,000 after buying an additional 26,342 shares during the period. Hedge funds and other 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.