Barrington Research Reiterates “Outperform” Rating for Cimpress (NASDAQ:CMPR)

Cimpress (NASDAQ:CMPR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They presently have a $119.00 target price on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 69.61% from the company’s current price.

CMPR has been the topic of a number of other reports. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial cut their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Cimpress Price Performance

Shares of CMPR opened at $70.16 on Wednesday. The firm has a 50 day simple moving average of $75.53 and a two-hundred day simple moving average of $81.46. The company has a market cap 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 one year low of $58.05 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. On average, analysts expect that Cimpress will post 4.06 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Cimpress in the 3rd quarter valued at approximately $29,000. CWM LLC increased its position in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 427 shares during the period. Quarry LP bought a new position in shares of Cimpress during the third quarter valued at $111,000. Point72 Asset Management L.P. acquired a new position in shares of Cimpress during the third quarter worth $115,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cimpress in the third quarter worth $130,000. 77.64% of the stock is owned by institutional investors and hedge funds.

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.