Cimpress (NASDAQ:CMPR) Given New $87.00 Price Target at Truist Financial

Cimpress (NASDAQ:CMPR) had its target price reduced by Truist Financial from $110.00 to $87.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on CMPR. Barrington Research restated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research note on Wednesday. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Cimpress Stock Down 5.2 %

Shares of CMPR stock opened at $66.48 on Friday. Cimpress has a 12-month low of $58.05 and a 12-month high of $104.92. The firm has a fifty day moving average of $75.23 and a 200-day moving average of $81.26. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.68 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.27% and a net margin of 4.75%. On average, equities analysts expect that Cimpress will post 4.06 EPS for the current year.

Institutional Trading of Cimpress

Several institutional investors and hedge funds have recently bought and sold shares of CMPR. Janus Henderson Group PLC grew its stake in shares of Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after buying an additional 140,899 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Cimpress during the third quarter worth $7,582,000. Advantage Alpha Capital Partners LP acquired a new stake in Cimpress in the third quarter valued at $2,932,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Cimpress by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after purchasing an additional 29,484 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake 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 during the last quarter. Institutional investors 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.