Cimpress (NASDAQ:CMPR) Lowered to “Buy” Rating by StockNews.com

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

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

Cimpress Stock Performance

Shares of NASDAQ:CMPR opened at $69.80 on Thursday. The company has a market capitalization of $1.76 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The stock has a fifty day moving average of $77.27 and a 200-day moving average of $83.15. 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, 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 company had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, research analysts forecast that Cimpress will post 4.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Janus Henderson Group PLC boosted its stake in shares of 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 period. Marshall Wace LLP boosted its position in Cimpress by 649.8% during the second quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 93,033 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Cimpress during the third quarter valued at $7,582,000. Diamond Hill Capital Management Inc. grew its stake in Cimpress by 15.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after purchasing an additional 57,427 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP acquired a new position in Cimpress in the 3rd quarter worth about $2,932,000. 77.64% of the stock is owned by hedge funds and other 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.