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

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

Several other brokerages have also recently commented on CMPR. Truist Financial dropped their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barrington Research reissued an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Stock Performance

NASDAQ:CMPR opened at $68.35 on Thursday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.74, a PEG 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 business has a fifty day moving average of $77.23 and a 200-day moving average of $82.94.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the prior year, the company earned $0.17 EPS. On average, equities research analysts predict that Cimpress will post 4.27 EPS for the current year.

Institutional Trading of Cimpress

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of 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 in the last quarter. Rhumbline Advisers boosted its position in shares of Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 308 shares during the period. Victory Capital Management Inc. purchased a new position in Cimpress in the 2nd quarter worth about $250,000. Envestnet Asset Management Inc. raised its holdings in Cimpress by 62.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,177 shares of the business services provider’s stock worth $2,206,000 after buying an additional 9,679 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in Cimpress by 15.7% during 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 buying an additional 57,427 shares in the last quarter. 77.64% of the stock is currently owned by 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.