Cimpress (NASDAQ:CMPR) Price Target Raised to $78.00

Key Points

• Truist Financial has increased Cimpress' target price from $74.00 to $78.00, indicating a potential upside of 19.49% from its current stock price.
• Despite the positive outlook from Truist, Wall Street Zen downgraded Cimpress from a "buy" rating to a "hold" in August, while Barrington Research upgraded its price target to $70.00 with an "outperform" rating.
• Cimpress reported a quarterly earnings miss with an EPS of ($1.02), falling short of the consensus estimate of $0.97 but achieved revenue of $869.48 million, exceeding estimates.

Cimpress (NASDAQ:CMPR - Get Free Report) had its target price lifted by equities researchers at Truist Financial from $74.00 to $78.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Truist Financial's target price would suggest a potential upside of 19.49% from the company's current price.

Several other research analysts have also issued reports on CMPR. Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Barrington Research increased their price target on Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $74.00.

Cimpress Price Performance

Shares of NASDAQ:CMPR traded up $2.63 during trading on Wednesday, reaching $65.28. 45,400 shares of the company's stock traded hands, compared to its average volume of 236,948. Cimpress has a 12 month low of $35.21 and a 12 month high of $86.76. The stock has a market capitalization of $1.60 billion, a P/E ratio of 127.87 and a beta of 1.79. The company has a 50 day moving average of $55.69 and a 200-day moving average of $48.09.

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 net margin of 0.44% and a negative return on equity of 2.64%. The business had revenue of $869.48 million for the quarter, compared to the consensus estimate of $844.24 million. Cimpress has set its FY 2026 guidance at EPS. Equities research analysts predict that Cimpress will post 3.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. boosted its stake in shares of Cimpress by 55.6% during 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 in the last quarter. Rubric Capital Management LP purchased a new position in shares of Cimpress in the 2nd quarter valued at about $26,387,000. AQR Capital Management LLC raised its stake in shares of Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider's stock worth $13,921,000 after buying an additional 139,482 shares during the period. Hantz Financial Services Inc. grew its position in shares of Cimpress by 3.6% in the second quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider's stock valued at $13,127,000 after purchasing an additional 9,597 shares during the period. Finally, Bandera Partners LLC purchased a new stake in Cimpress during the 1st quarter worth approximately $10,403,000. 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.

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