Cimpress (NASDAQ:CMPR) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Cimpress has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, indicating a shift in analysts' outlook on the company's stock.
• The company's recent earnings report showed a loss of ($1.02) EPS, significantly missing the analysts' consensus estimate of $0.97.
• Despite the downgrade, several investors have increased their holdings in Cimpress, with institutional ownership currently at 77.64%.

Wall Street Zen downgraded shares of Cimpress (NASDAQ:CMPR - Free Report) from a buy rating to a hold rating in a research note published on Sunday morning.

Several other brokerages also recently weighed in on CMPR. Truist Financial set a $74.00 price target on Cimpress and gave the company a "buy" rating in a report on Wednesday, July 30th. Barrington Research boosted their price target on Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, August 4th.

Cimpress Price Performance

Shares of NASDAQ CMPR traded down $0.83 during mid-day trading on Friday, reaching $59.78. 45,736 shares of the company's stock were exchanged, compared to its average volume of 239,412. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 117.42 and a beta of 1.70. Cimpress has a 52 week low of $35.21 and a 52 week high of $102.22. The firm has a 50-day moving average price of $48.42 and a two-hundred day moving average price of $47.45.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($1.99). Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%. The company had revenue of $869.48 million during the quarter, compared to the consensus estimate of $844.24 million. As a group, sell-side analysts forecast that Cimpress will post 3.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently bought and sold shares of CMPR. Diamond Hill Capital Management Inc. raised its position in Cimpress by 55.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock valued at $41,687,000 after purchasing an additional 329,466 shares during the period. Bandera Partners LLC acquired a new position in Cimpress during the 1st quarter worth approximately $10,403,000. ArrowMark Colorado Holdings LLC lifted its stake in Cimpress by 30.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock valued at $63,406,000 after buying an additional 203,806 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock worth $218,126,000 after purchasing an additional 194,034 shares during the period. Finally, Nuveen LLC acquired a new stake in Cimpress in the 1st quarter valued at $6,662,000. Hedge funds and other 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.