Cimpress (NASDAQ:CMPR) Price Target Raised to $77.00

Key Points

• Investment analysts at Barrington Research have raised the price target for Cimpress (NASDAQ:CMPR) from $70.00 to $77.00, indicating a potential upside of 22.14% from its previous close.
• Other firms, such as Truist Financial, have also upgraded Cimpress, now holding a consensus rating of "Buy" with an average price target of $77.50.
• Cimpress recently reported a quarterly loss of ($1.02) earnings per share (EPS), missing estimates, while achieving higher than expected revenue of $869.48 million.

Cimpress (NASDAQ:CMPR - Get Free Report) had its price objective lifted by investment analysts at Barrington Research from $70.00 to $77.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Barrington Research's target price indicates a potential upside of 22.14% from the stock's previous close.

A number of other research firms also recently issued reports on CMPR. Truist Financial increased their price objective on Cimpress from $74.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Wall Street Zen raised shares of Cimpress from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $77.50.

Cimpress Stock Up 1.7%

Shares of CMPR stock opened at $63.04 on Wednesday. The firm has a fifty day moving average of $58.96 and a 200-day moving average of $49.35. Cimpress has a 12-month low of $35.21 and a 12-month high of $85.56. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 123.61 and a beta of 1.79.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). The firm had revenue of $869.48 million for the quarter, compared to the consensus estimate of $844.24 million. Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%. Cimpress has set its FY 2026 guidance at EPS. On average, equities analysts expect that Cimpress will post 3.69 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Diamond Hill Capital Management Inc. grew its stake in shares of 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 buying an additional 329,466 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of Cimpress in the 2nd quarter valued at about $26,387,000. AQR Capital Management LLC grew its position in shares of Cimpress by 89.0% in the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider's stock valued at $13,921,000 after acquiring an additional 139,482 shares during the period. Hantz Financial Services Inc. grew its holdings in Cimpress by 3.6% during the second quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider's stock worth $13,127,000 after purchasing an additional 9,597 shares during the period. Finally, Bandera Partners LLC bought a new position in Cimpress during the first quarter worth about $10,403,000. 77.64% of the stock is owned by institutional investors.

Cimpress Company Profile

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.

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