Cimpress (NASDAQ:CMPR) Downgraded to Buy Rating by StockNews.com

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

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

Cimpress Trading Down 2.1 %

Shares of CMPR stock opened at $68.35 on Thursday. Cimpress has a 1 year low of $58.05 and a 1 year high of $104.92. The firm’s fifty day simple moving average is $77.29 and its 200 day simple moving average is $83.06. The firm has a market capitalization of $1.72 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last announced 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). The firm had revenue of $804.97 million for the quarter, compared to analyst estimates 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 business posted $0.17 EPS. Equities research analysts anticipate that Cimpress will post 4.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cimpress

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

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.