Cimpress (NASDAQ:CMPR) Rating Lowered to “Buy” at StockNews.com

Cimpress (NASDAQ:CMPR) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other brokerages also recently issued reports on CMPR. Barrington Research restated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th. Truist Financial decreased their price target 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 Trading Down 0.8 %

Shares of NASDAQ:CMPR opened at $69.80 on Thursday. The stock has a market capitalization of $1.76 billion, a PE ratio of 11.99, a P/E/G 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 has a fifty day moving average price of $77.27 and a 200 day moving average price of $83.15.

Cimpress (NASDAQ:CMPR) last released its quarterly 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 negative return on equity of 27.15% and a net margin of 4.69%. The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter last year, the company posted $0.17 EPS. On average, sell-side analysts forecast that Cimpress will post 4.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMPR. Bank of New York Mellon Corp grew its holdings in Cimpress by 14.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,023 shares of the business services provider’s stock worth $6,047,000 after acquiring an additional 8,659 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Cimpress by 1.1% during the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 308 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Cimpress during the second quarter valued at approximately $250,000. Envestnet Asset Management Inc. increased its holdings in shares of Cimpress by 62.5% in the second 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Cimpress by 15.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after purchasing an additional 57,427 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

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.