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

Key Points

• Cimpress was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook for the company.
• Following the upgrade, Cimpress shares increased by 1.9%, reaching a trading price of $62.42.
• Analysts have set an average price target of $74.00 for Cimpress, with multiple brokerages recently raising their price targets for the stock.

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

Several other brokerages have also recently issued reports on CMPR. Barrington Research boosted their price objective on Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Truist Financial upped their price target on Cimpress from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $74.00.

Cimpress Stock Up 1.9%

Shares of Cimpress stock traded up $1.18 during trading on Friday, reaching $62.42. The company's stock had a trading volume of 145,436 shares, compared to its average volume of 227,221. The company has a 50-day simple moving average of $58.30 and a two-hundred day simple moving average of $49.03. Cimpress has a 1-year low of $35.21 and a 1-year high of $85.56. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 122.39 and a beta of 1.79.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly 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 negative return on equity of 2.64% and a net margin of 0.44%.The firm had revenue of $869.48 million for the quarter, compared to analyst estimates of $844.24 million. Cimpress has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Cimpress will post 3.69 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. boosted its stake in shares of Cimpress by 55.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock worth $41,687,000 after acquiring an additional 329,466 shares in the last quarter. Rubric Capital Management LP acquired a new position in shares of Cimpress during the 2nd quarter worth approximately $26,387,000. AQR Capital Management LLC raised its position 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 purchasing an additional 139,482 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Cimpress by 3.6% during the 2nd 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 last quarter. Finally, Bandera Partners LLC acquired a new position in shares of 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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