Cimpress (NASDAQ:CMPR) Given New $102.00 Price Target at Barrington Research

Cimpress (NASDAQ:CMPR) had its price target dropped by equities researchers at Barrington Research from $121.00 to $102.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research‘s price objective would suggest a potential upside of 79.78% from the company’s current price.

A number of other brokerages also recently issued reports on CMPR. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Truist Financial reduced their price objective on shares of Cimpress from $108.00 to $90.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings cut shares of Cimpress from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.00.

Cimpress Stock Performance

CMPR stock traded down $5.18 during mid-day trading on Friday, reaching $56.73. The company had a trading volume of 157,634 shares, compared to its average volume of 184,740. The firm has a fifty day simple moving average of $77.96 and a 200 day simple moving average of $83.91. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 16.79 and a beta of 1.90. Cimpress has a fifty-two week low of $55.47 and a fifty-two week high of $106.57.

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

Insiders Place Their Bets

In related news, CEO Robert Keane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was 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 owned 764,000 shares in the company, valued at $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 34,500 shares of company stock worth $3,001,585 in the last three months. 10.20% of the stock is owned by insiders.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMPR. Janus Henderson Group PLC lifted its position in shares of Cimpress by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after buying an additional 92,764 shares during the last quarter. Rubric Capital Management LP grew its position in shares of Cimpress by 6.8% in 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 buying an additional 104,419 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Cimpress in the 2nd quarter valued at $50,829,000. Wasatch Advisors LP purchased a new position in shares of Cimpress in the 2nd quarter valued at $47,545,000. Finally, Dimensional Fund Advisors LP raised its stake in Cimpress by 4.3% during the 1st 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 and hedge funds 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.