Cimpress (NASDAQ:CMPR) PT Raised to $119.00 at Barrington Research

Cimpress (NASDAQ:CMPR) had its target price lifted by Barrington Research from $113.00 to $119.00 in a report released on Tuesday, Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Other research analysts have also issued reports about the company. StockNews.com raised Cimpress from a buy rating to a strong-buy rating in a report on Thursday, August 1st. Truist Financial increased their target price on shares of Cimpress from $110.00 to $120.00 and gave the company a buy rating in a research report on Friday, August 2nd.

Cimpress Trading Up 7.2 %

Shares of NASDAQ:CMPR opened at $97.95 on Tuesday. The firm’s 50 day moving average is $88.69 and its two-hundred day moving average is $88.63. The firm has a market capitalization of $2.46 billion, a P/E ratio of 30.23, a PEG ratio of 0.79 and a beta of 2.00. Cimpress has a 52 week low of $57.01 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The business had revenue of $832.61 million during the quarter, compared to analyst estimates of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Analysts predict that Cimpress will post 4.24 EPS for the current year.

Insider Buying and Selling

In other Cimpress news, CEO Florian Baumgartner sold 4,035 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $81.28, for a total transaction of $327,964.80. Following the completion of the transaction, the chief executive officer now directly owns 27,619 shares of the company’s stock, valued at approximately $2,244,872.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Florian Baumgartner sold 4,035 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $81.28, for a total value of $327,964.80. Following the completion of the sale, the chief executive officer now owns 27,619 shares in the company, valued at $2,244,872.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now directly owns 22,830 shares in the company, valued at $2,054,700. The disclosure for this sale can be found here. Insiders have sold a total of 13,421 shares of company stock valued at $1,123,602 over the last quarter. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC boosted its holdings in Cimpress by 8.6% during the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock worth $287,000 after buying an additional 257 shares in the last quarter. Swiss National Bank grew its holdings in shares of Cimpress by 0.9% in the 1st quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock worth $3,018,000 after acquiring an additional 300 shares during the last quarter. Rhumbline Advisers raised 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Cimpress by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 334 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Cimpress by 20.1% in the 2nd quarter. Mackenzie Financial Corp now owns 2,856 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 477 shares during the period. 77.64% of the stock is currently 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.