Cimpress (NASDAQ:CMPR) Raised to Strong-Buy at 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.

CMPR has been the subject of several other research reports. Barrington Research restated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a report on Friday, December 20th. Truist Financial lowered their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Cimpress Trading Down 2.8 %

Shares of NASDAQ:CMPR opened at $72.73 on Thursday. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The company’s 50 day moving average is $76.23 and its two-hundred day moving average is $82.09. The company has a market cap of $1.83 billion, a PE ratio of 12.50, a P/E/G ratio of 0.67 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (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 during the quarter, compared to analyst estimates of $800.51 million. During the same quarter in the previous year, the company posted $0.17 EPS. As a group, equities research analysts expect that Cimpress will post 4.06 EPS for the current year.

Institutional Trading of Cimpress

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cimpress by 54.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 9,324 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Cimpress during the 3rd quarter worth $7,582,000. Diamond Hill Capital Management Inc. raised its position in Cimpress by 6.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares during the last quarter. Hennessy Advisors Inc. raised its position in Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after buying an additional 7,100 shares during the last quarter. Finally, Barclays PLC raised its position in Cimpress by 70.3% during the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after buying an additional 26,342 shares during the last quarter. 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.