Cimpress (NASDAQ:CMPR) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of Cimpress (NASDAQ:CMPR) from a strong-buy rating to a buy rating in a research note released on Friday.

CMPR has been the subject of several other research reports. Truist Financial lowered their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research report on Wednesday.

Cimpress Price Performance

Shares of Cimpress stock opened at $66.48 on Friday. The company’s 50 day moving average price is $75.23 and its two-hundred day moving average price is $81.26. The firm has a market capitalization of $1.67 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.68 and a beta of 2.09. Cimpress has a fifty-two week low of $58.05 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.27%. On average, analysts expect that Cimpress will post 4.06 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently made changes to their positions in CMPR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock valued at $2,164,000 after buying an additional 9,324 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Cimpress in the 3rd quarter valued at about $7,582,000. Diamond Hill Capital Management Inc. boosted its position in shares of Cimpress by 6.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cimpress by 1.0% during the third 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 period. Finally, Hennessy Advisors Inc. increased its holdings in Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after purchasing an additional 7,100 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

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.