Cimpress (NASDAQ:CMPR) Given New $102.00 Price Target at Barrington Research

Key Points

• Barrington Research lowered Cimpress’s price target from $121 to $102 but maintained an “outperform” rating, implying 79.78% upside from the share price cited in the report.
• Analyst views are mixed: MarketBeat reports an average “Moderate Buy” rating and $96 average target, while several firms recently downgraded or reduced their targets.
• Cimpress shares fell to $56.73 in Friday trading. The company also reported quarterly EPS of -$0.11, below the $0.80 analyst consensus; revenue was roughly in line with expectations.

Cimpress (NASDAQ:CMPR - Get Free Report) had its price objective reduced by equities research analysts at Barrington Research from $121.00 to $102.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the business services provider's stock. Barrington Research's price target points to a potential upside of 79.78% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Cimpress from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. Wall Street Zen cut Cimpress from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Truist Financial cut their target price on Cimpress from $108.00 to $90.00 and set a "buy" rating for the company in a research note on Monday. Finally, Zacks Research downgraded Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $96.00.

Cimpress Price Performance

Shares of CMPR traded down $5.18 during mid-day trading on Friday, reaching $56.73. The stock had a trading volume of 157,634 shares, compared to its average volume of 184,740. Cimpress has a 52-week low of $55.47 and a 52-week high of $106.57. The business's fifty day moving average is $77.96 and its 200 day moving average is $83.91. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 16.79 and a beta of 1.90.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, October 28th. The business services provider reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.91). The firm had revenue of $934.05 million for the quarter, compared to analysts' expectations of $934.18 million. Cimpress had a negative return on equity of 17.64% and a net margin of 2.25%. As a group, sell-side analysts anticipate that Cimpress will post 4.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert Keane sold 16,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the transaction, the chief executive officer directly owned 764,000 shares in the company, valued at approximately $64,848,320. This represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 34,500 shares of company stock valued at $3,001,585. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in Cimpress during the 2nd quarter worth approximately $33,000. KBC Group NV acquired a new stake in Cimpress during the 1st quarter worth approximately $30,000. Public Employees Retirement System of Ohio acquired a new stake in Cimpress during the 2nd quarter worth approximately $45,000. USA Financial Formulas purchased a new position in Cimpress in the 3rd quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider's stock valued at $60,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Cimpress Company Profile

Cimpress plc NASDAQ: CMPR is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.

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