Cimpress' (CMPR) "Outperform" Rating Reaffirmed at Barrington Research

Key Points

• Cimpress (NASDAQ:CMPR) received an "outperform" rating from Barrington Research, with a price target of $65.00, indicating a potential upside of 30.81% from its previous close.
• Despite the positive outlook from Barrington, some other research firms downgraded Cimpress, with Wall Street Zen changing its rating from "strong-buy" to "buy".
• Cimpress reported a loss of $0.33 per share for the last quarter, falling short of analysts' estimates, alongside a negative return on equity of 27.85%.

Cimpress (NASDAQ:CMPR - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $65.00 target price on the business services provider's stock. Barrington Research's price target would suggest a potential upside of 16.61% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Truist Financial cut their price objective on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th.

Cimpress Trading Up 12.1%

NASDAQ CMPR traded up $6.02 on Tuesday, hitting $55.74. 725,971 shares of the company's stock traded hands, compared to its average volume of 224,643. The firm's 50-day moving average price is $45.99 and its two-hundred day moving average price is $48.63. The firm has a market capitalization of $1.39 billion, a PE ratio of 109.30 and a beta of 1.77. Cimpress has a 1-year low of $35.21 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). Cimpress had a net margin of 0.44% and a negative return on equity of 2.67%. The company had revenue of $869.48 million during the quarter, compared to analyst estimates of $844.24 million. On average, research analysts anticipate that Cimpress will post 3.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cimpress by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock valued at $696,000 after acquiring an additional 267 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Cimpress by 9.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock worth $295,000 after buying an additional 341 shares during the last quarter. Signaturefd LLC increased its position in shares of Cimpress by 341.6% during the first quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after purchasing an additional 468 shares during the period. Summit Securities Group LLC bought a new stake in shares of Cimpress during the first quarter valued at approximately $32,000. Finally, Headlands Technologies LLC bought a new stake in shares of Cimpress during the first quarter valued at approximately $34,000. 77.64% of the stock is currently owned by institutional investors.

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.