Cimpress (NASDAQ:CMPR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.
Other equities analysts also recently issued research reports about the company. Truist Financial set a $110.00 price objective on Cimpress in a report on Friday. Wall Street Zen upgraded shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 1st. Barrington Research boosted their target price on shares of Cimpress from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cimpress in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cimpress has a consensus rating of "Moderate Buy" and a consensus price target of $102.50.
Read Our Latest Analysis on CMPR
Cimpress Trading Down 3.0%
CMPR opened at $91.83 on Monday. The stock has a fifty day moving average price of $75.41 and a 200 day moving average price of $72.88. Cimpress has a 1 year low of $39.11 and a 1 year high of $96.00. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 51.59 and a beta of 1.79.
Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.11% and a net margin of 1.24%.The company had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. As a group, sell-side analysts forecast that Cimpress will post 3.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC boosted its position in Cimpress by 66.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider's stock worth $79,307,000 after purchasing an additional 503,849 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cimpress by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 37,989 shares of the business services provider's stock valued at $2,395,000 after purchasing an additional 16,624 shares during the period. SG Americas Securities LLC bought a new position in shares of Cimpress in the third quarter valued at approximately $979,000. Wedge Capital Management L L P NC acquired a new stake in shares of Cimpress in the fourth quarter worth $1,968,000. Finally, Pallas Capital Advisors LLC lifted its stake in shares of Cimpress by 38.9% in the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider's stock worth $2,161,000 after buying an additional 9,607 shares during the last quarter. 77.64% of the stock is owned by institutional investors.
About Cimpress
(
Get Free Report)
Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.
The company traces its roots to Vistaprint, founded in 1995 by Robert W.
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