Cimpress (NASDAQ:CMPR) Downgraded 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 Friday.

Several other brokerages have also recently weighed in on CMPR. Truist Financial reduced their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday.

Cimpress Trading Down 5.5 %

Cimpress stock opened at $70.16 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.66 and a beta of 2.09. Cimpress has a twelve month low of $58.05 and a twelve month high of $104.92. The stock’s fifty day simple moving average is $75.53 and its 200-day simple moving average is $81.46.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. Sell-side analysts predict that Cimpress will post 4.06 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Cimpress in the third quarter valued at approximately $29,000. CWM LLC lifted 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 last quarter. Quarry LP acquired a new position in shares of Cimpress in the 3rd quarter valued at $111,000. Point72 Asset Management L.P. purchased a new position in shares of Cimpress in the 3rd quarter valued at $115,000. Finally, Meeder Asset Management Inc. acquired a new stake in Cimpress during the 3rd quarter worth $130,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.