Cimpress (NASDAQ:CMPR – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
CMPR has been the subject of several other reports. Barrington Research reaffirmed an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research note on Wednesday. Truist Financial cut their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.
View Our Latest Stock Analysis on Cimpress
Cimpress Trading Down 5.5 %
Cimpress (NASDAQ:CMPR – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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%. As a group, equities research analysts forecast 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 added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cimpress by 54.5% in the third 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 valued at $2,164,000 after buying an additional 9,324 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Cimpress in the third quarter valued at $7,582,000. Diamond Hill Capital Management Inc. boosted its position in shares of 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 purchasing an additional 26,727 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after purchasing an additional 215 shares during the period. Finally, Hennessy Advisors Inc. increased its holdings in shares of Cimpress by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares in 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.
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