Cimpress (NASDAQ:CMPR) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research report report published on Friday.

Several other brokerages have also commented on CMPR. Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. Truist Financial decreased their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $66.48 on Friday. The company’s fifty day moving average price is $75.23 and its 200-day moving average price is $81.04. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.68 and a beta of 2.09. Cimpress has a one year low of $58.05 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.27% and a net margin of 4.75%. As a group, equities research analysts expect that Cimpress will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its holdings 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 during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Cimpress in the third quarter valued at about $7,582,000. Advantage Alpha Capital Partners LP bought a new position in shares of Cimpress during the third quarter valued at about $2,932,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cimpress by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after purchasing an additional 29,484 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Cimpress by 6.3% in 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 purchasing an additional 26,727 shares during the last quarter. Hedge funds and other institutional investors 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.