Truist Financial Cuts Cimpress (NASDAQ:CMPR) Price Target to $87.00

Cimpress (NASDAQ:CMPR) had its price objective lowered by Truist Financial from $110.00 to $87.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on CMPR. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday. Barrington Research reiterated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Trading Down 5.2 %

Cimpress stock opened at $66.48 on Friday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92. The firm’s fifty day moving average price is $75.23 and its two-hundred day moving average price is $81.04.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.36 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%. On average, research analysts forecast that Cimpress will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Cimpress by 62.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,177 shares of the business services provider’s stock valued at $2,206,000 after purchasing an additional 9,679 shares during the period. Bank of Montreal Can purchased a new stake in Cimpress in the second quarter worth approximately $1,079,000. Squarepoint Ops LLC bought a new stake in Cimpress in the 2nd quarter worth approximately $441,000. AQR Capital Management LLC grew its stake in shares of Cimpress by 30.1% during the 2nd quarter. AQR Capital Management LLC now owns 67,770 shares of the business services provider’s stock valued at $5,937,000 after purchasing an additional 15,666 shares during the period. Finally, Millennium Management LLC grew its position in shares of Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after acquiring an additional 11,041 shares during the period. 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.