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

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on the stock. Truist Financial decreased their target price on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Barrington Research reaffirmed an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th.

Cimpress Stock Down 2.8 %

Shares of CMPR opened at $55.64 on Friday. Cimpress has a 52-week low of $55.09 and a 52-week high of $104.92. The firm’s fifty day moving average is $72.49 and its two-hundred day moving average is $79.65. The stock has a market cap of $1.40 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last announced 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 net margin of 4.75% and a negative return on equity of 27.64%. As a group, research analysts anticipate that Cimpress will post 3.7 earnings per share for the current year.

Institutional Trading of Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Cimpress during the third quarter worth about $29,000. CWM LLC increased its stake in Cimpress by 51.4% during the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after purchasing an additional 427 shares during the period. Quarry LP purchased a new stake in Cimpress during the third quarter worth about $111,000. Point72 Asset Management L.P. purchased a new stake in Cimpress during the third quarter worth about $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter worth approximately $130,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.