Cimpress’ (CMPR) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cimpress (NASDAQ:CMPR) in a report released on Tuesday morning, Benzinga reports. Barrington Research currently has a $113.00 target price on the business services provider’s stock.

CMPR has been the subject of a number of other research reports. Truist Financial lifted their target price on Cimpress from $90.00 to $110.00 and gave the stock a buy rating in a report on Friday, February 2nd. StockNews.com cut Cimpress from a strong-buy rating to a buy rating in a report on Monday, May 6th.

Cimpress Trading Up 3.4 %

NASDAQ:CMPR opened at $82.45 on Tuesday. Cimpress has a 12-month low of $46.67 and a 12-month high of $100.01. The stock has a 50-day moving average price of $88.04 and a 200 day moving average price of $83.40. The stock has a market capitalization of $2.10 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.03 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.29). The firm had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same quarter in the prior year, the business earned ($0.97) EPS. On average, research analysts predict that Cimpress will post 2.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Florian Baumgartner sold 5,683 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $92.81, for a total transaction of $527,439.23. Following the transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at approximately $3,136,328.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have sold 27,051 shares of company stock worth $2,461,183. 17.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cimpress

Several institutional investors and hedge funds have recently modified their holdings of CMPR. DekaBank Deutsche Girozentrale acquired a new position in Cimpress in the 3rd quarter worth about $88,000. Contravisory Investment Management Inc. acquired a new position in Cimpress in the 4th quarter worth about $185,000. Principal Financial Group Inc. acquired a new position in Cimpress in the 1st quarter worth about $200,000. Crestwood Advisors Group LLC acquired a new position in Cimpress in the 3rd quarter worth about $210,000. Finally, Olympiad Research LP acquired a new position in Cimpress in the 4th quarter worth about $212,000. 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.