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

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

Several other research firms also recently weighed in on CMPR. Truist Financial dropped their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Price Performance

Shares of CMPR stock opened at $72.18 on Thursday. Cimpress has a one year low of $58.05 and a one year high of $104.92. The company’s fifty day moving average price is $75.97 and its 200-day moving average price is $81.91. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.66 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) EPS 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 business had revenue of $804.97 million during the quarter, compared to analysts’ expectations of $800.51 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities research analysts expect that Cimpress will post 4.06 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 the company. Envestnet Asset Management Inc. increased its position in Cimpress by 62.5% in the second quarter. Envestnet Asset Management Inc. now owns 25,177 shares of the business services provider’s stock worth $2,206,000 after purchasing an additional 9,679 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cimpress by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after buying an additional 4,441 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Cimpress by 64.7% in the 2nd quarter. Hsbc Holdings PLC now owns 5,187 shares of the business services provider’s stock worth $451,000 after buying an additional 2,038 shares during the last quarter. Sei Investments Co. raised its position in shares of Cimpress by 13.9% during the 2nd quarter. Sei Investments Co. now owns 55,081 shares of the business services provider’s stock valued at $4,826,000 after buying an additional 6,732 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Cimpress during the 2nd quarter valued at about $1,079,000. 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.