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

Cimpress (NASDAQ:CMPR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

A number of other equities analysts have also recently issued reports on CMPR. Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th. Truist Financial lowered 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.

Cimpress Trading Down 2.3 %

Shares of CMPR stock opened at $70.07 on Wednesday. The stock has a market cap of $1.76 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. Cimpress has a 1 year low of $58.05 and a 1 year high of $104.92. The stock has a 50 day simple moving average of $77.71 and a 200 day simple moving average of $83.51.

Cimpress (NASDAQ:CMPR) last released its earnings results 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). The business 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 quarter in the previous year, the company earned $0.17 earnings per share. Analysts forecast that Cimpress will post 4.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Cimpress in the third quarter valued at approximately $29,000. CWM LLC grew its position in shares of Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after buying an additional 427 shares during the period. Quarry LP bought a new stake in Cimpress in the third quarter valued at $111,000. Point72 Asset Management L.P. acquired a new stake in shares of Cimpress in the 3rd quarter valued at about $115,000. Finally, Meeder Asset Management Inc. bought a new stake in Cimpress in the 3rd quarter valued at about $130,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.