Cimpress (NASDAQ:CMPR) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Cimpress (NASDAQ:CMPR) in a report released on Wednesday morning,Benzinga reports. They currently have a $119.00 target price on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial reduced their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Cimpress Stock Up 1.9 %

CMPR stock opened at $74.23 on Wednesday. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The business has a 50-day simple moving average of $75.75 and a 200 day simple moving average of $81.54. The company has a market cap of $1.87 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last released 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 net margin of 4.69% and a negative return on equity of 27.15%. On average, analysts anticipate that Cimpress will post 4.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after acquiring an additional 140,899 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $7,582,000. Advantage Alpha Capital Partners LP bought a new stake in shares of Cimpress in the 3rd quarter valued at $2,932,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Cimpress by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after buying an additional 29,484 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Cimpress by 6.3% during the third 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. Institutional investors and hedge funds 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.