Cimpress (NASDAQ:CMPR) Rating Increased to Buy at Wall Street Zen

Key Points

• Cimpress has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen, indicating increased investor confidence.
• Barrington Research and Truist Financial have set target prices of $65.00 and $74.00 respectively for Cimpress, showing positive analyst sentiment regarding its stock potential.
• The company reported a revenue of $869.48 million last quarter but missed the earnings per share estimate, highlighting performance challenges despite higher sales.

Cimpress (NASDAQ:CMPR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other research analysts have also issued reports on CMPR. Truist Financial set a $74.00 price target on shares of Cimpress and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barrington Research restated an "outperform" rating and issued a $65.00 target price on shares of Cimpress in a research note on Tuesday, July 29th.

Cimpress Stock Down 0.8%

CMPR stock traded down $0.45 during mid-day trading on Friday, reaching $55.00. 72,895 shares of the stock traded hands, compared to its average volume of 240,312. The business has a 50-day moving average of $46.91 and a two-hundred day moving average of $47.97. The firm has a market capitalization of $1.37 billion, a PE ratio of 107.84 and a beta of 1.70. Cimpress has a 52 week low of $35.21 and a 52 week high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $869.48 million for the quarter, compared to analyst estimates of $844.24 million. Cimpress had a net margin of 0.44% and a negative return on equity of 2.67%. On average, equities research analysts anticipate that Cimpress will post 3.69 EPS for the current fiscal year.

Institutional Trading of Cimpress

Several hedge funds have recently modified their holdings of CMPR. Signaturefd LLC increased its holdings in shares of Cimpress by 341.6% in 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 in the last quarter. Summit Securities Group LLC bought a new position in Cimpress in the first quarter valued at approximately $32,000. Headlands Technologies LLC bought a new position in Cimpress in the first quarter valued at approximately $34,000. Ethic Inc. bought a new position in Cimpress in the fourth quarter valued at approximately $214,000. Finally, Cerity Partners LLC bought a new position in Cimpress in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 77.64% of the company's stock.

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.