Truist Financial Cuts Cimpress (NASDAQ:CMPR) Price Target to $110.00

Cimpress (NASDAQ:CMPR) had its price target reduced by analysts at Truist Financial from $120.00 to $110.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential upside of 52.31% from the company’s previous close.

A number of other equities analysts have also recently commented on CMPR. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research lifted their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Cimpress Stock Up 4.7 %

Shares of NASDAQ:CMPR traded up $3.21 during midday trading on Friday, hitting $72.22. The stock had a trading volume of 20,268 shares, compared to its average volume of 152,096. The company has a market cap of $1.82 billion, a P/E ratio of 12.36, a PEG ratio of 0.64 and a beta of 2.03. Cimpress has a 12 month low of $58.01 and a 12 month high of $104.92. The business’s 50-day simple moving average is $83.89 and its 200-day simple moving average is $85.94.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million during the quarter, compared to the consensus estimate of $832.90 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. As a group, equities analysts predict that Cimpress will post 4.4 earnings per share for the current year.

Insider Transactions at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the sale, the chief executive officer now owns 986,785 shares in the company, valued at $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sean Edward Quinn sold 24,093 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently modified their holdings of CMPR. Vanguard Group Inc. raised its stake in Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after buying an additional 154,785 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Cimpress by 4.4% in the first quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock valued at $31,644,000 after buying an additional 15,157 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Cimpress during the third quarter worth approximately $7,582,000. Finally, Diamond Hill Capital Management Inc. increased its stake in Cimpress by 15.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock worth $37,105,000 after acquiring an additional 57,427 shares during the period. Institutional investors own 77.64% of the company’s stock.

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.