Cimpress (NASDAQ:CMPR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research report report published on Sunday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Barrington Research upped their target price on Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Truist Financial set a $100.00 price target on Cimpress in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Cimpress Trading Down 1.0%

Shares of NASDAQ CMPR opened at $70.43 on Friday. Cimpress has a twelve month low of $35.21 and a twelve month high of $82.43. The firm has a 50-day moving average of $74.19 and a two-hundred day moving average of $68.65. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 78.26 and a beta of 1.75.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.34. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $993.64 million. As a group, research analysts predict that Cimpress will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently bought and sold shares of CMPR. Janus Henderson Group PLC lifted its stake in Cimpress by 8.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after acquiring an additional 272,260 shares during the last quarter. Rubric Capital Management LP lifted its stake in shares of Cimpress by 29.2% in the 4th quarter. Rubric Capital Management LP now owns 1,525,000 shares of the business services provider’s stock valued at $101,550,000 after purchasing an additional 344,211 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares in the last quarter. Geode Capital Management LLC increased its position in Cimpress by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 405,101 shares of the business services provider’s stock worth $26,979,000 after buying an additional 26,547 shares during the last quarter. Finally, State Street Corp increased its position in Cimpress by 1.1% during the fourth quarter. State Street Corp now owns 356,889 shares of the business services provider’s stock worth $23,765,000 after buying an additional 4,021 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.