Cimpress (NASDAQ:CMPR) Price Target Lowered to $60.00 at Truist Financial

Cimpress (NASDAQ:CMPR - Get Free Report) had its price target lowered by equities researchers at Truist Financial from $87.00 to $60.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. Truist Financial's price target would indicate a potential upside of 37.36% from the company's current price.

Several other equities research analysts also recently commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. StockNews.com upgraded shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th.

Cimpress Price Performance

Shares of Cimpress stock traded up $1.32 during trading on Monday, hitting $43.68. The stock had a trading volume of 229,836 shares, compared to its average volume of 174,304. The business has a fifty day moving average of $43.04 and a two-hundred day moving average of $61.05. The firm has a market cap of $1.10 billion, a P/E ratio of 7.23, a PEG ratio of 0.50 and a beta of 1.82. Cimpress has a fifty-two week low of $35.21 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.94). The business had revenue of $789.47 million for the quarter, compared to the consensus estimate of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, research analysts forecast that Cimpress will post 3.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. The trade was a 32.84 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.80% of the company's stock.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. increased its holdings in Cimpress by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider's stock worth $3,120,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after purchasing an additional 215 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Cimpress by 0.9% during the 4th quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock valued at $1,820,000 after purchasing an additional 232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cimpress by 2.8% in 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 purchasing an additional 267 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Cimpress by 9.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock worth $295,000 after acquiring an additional 341 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other 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.