Cimpress (NASDAQ:CMPR) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a report released on Friday morning.

Other research analysts have also issued reports about the stock. Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday. Truist Financial cut their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Cimpress Stock Performance

CMPR stock opened at $66.48 on Friday. The stock’s 50 day simple moving average is $75.23 and its 200 day simple moving average is $81.26. The company has a market cap of $1.67 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. Cimpress has a fifty-two week low of $58.05 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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%. Equities analysts predict that Cimpress will post 4.06 earnings per share for the current year.

Institutional Trading of Cimpress

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Cimpress during the third quarter worth about $29,000. CWM LLC lifted its position in shares of Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after buying an additional 427 shares in the last quarter. Quarry LP purchased a new position in shares of Cimpress in the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. bought a new position in shares of Cimpress in the third quarter valued at approximately $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter valued at approximately $130,000. 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.