Cimpress (NASDAQ:CMPR) Stock Rating Lowered by Wall Street Zen

Cimpress (NASDAQ:CMPR) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the company. Truist Financial set a $100.00 target price on Cimpress in a report on Friday, January 30th. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Finally, Barrington Research increased their target price on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $97.50.

Cimpress Stock Performance

Shares of Cimpress stock opened at $72.24 on Friday. The stock has a 50 day moving average of $74.48 and a 200 day moving average of $67.78. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 80.27 and a beta of 1.75. Cimpress has a fifty-two week low of $35.21 and a fifty-two week high of $82.43.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.34. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.64 million. Analysts forecast that Cimpress will post 3.69 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Several institutional investors have recently modified their holdings of CMPR. Amundi grew its stake in shares of Cimpress by 73.5% during the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after purchasing an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after buying an additional 282 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in Cimpress by 1.6% during the 2nd quarter. Ingalls & Snyder LLC now owns 86,255 shares of the business services provider’s stock worth $4,054,000 after buying an additional 1,340 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cimpress by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,856 shares of the business services provider’s stock worth $1,544,000 after acquiring an additional 7,018 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Cimpress during the 2nd quarter worth about $1,567,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.