Cimpress (NASDAQ:CMPR) Stock Rating Reaffirmed by Truist Financial

Cimpress (NASDAQ:CMPR)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $87.00 price objective on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 24.50% from the company’s current price.

A number of other brokerages also recently commented on CMPR. StockNews.com began coverage on shares of Cimpress in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Barrington Research increased their target price on shares of Cimpress from $66.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded shares of Cimpress from a “d” rating to a “c-” rating in a research note on Thursday, July 27th.

Cimpress Trading Up 11.7 %

Shares of NASDAQ CMPR opened at $69.88 on Wednesday. The firm’s 50-day moving average price is $65.63 and its 200-day moving average price is $52.90. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -9.83 and a beta of 1.76. Cimpress has a 12-month low of $18.00 and a 12-month high of $72.97.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.87. The firm had revenue of $788.85 million during the quarter, compared to analysts’ expectations of $782.15 million. On average, equities analysts predict that Cimpress will post 2.35 EPS for the current fiscal year.

Insider Activity at Cimpress

In related news, CFO Sean Edward Quinn sold 3,032 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $69.74, for a total transaction of $211,451.68. Following the completion of the transaction, the chief financial officer now directly owns 14,754 shares in the company, valued at $1,028,943.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings in Cimpress by 85.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,616 shares of the business services provider’s stock valued at $44,000 after buying an additional 743 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Cimpress by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,926 shares of the business services provider’s stock worth $115,000 after purchasing an additional 179 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Cimpress during the second quarter worth about $131,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Cimpress during the second quarter worth about $136,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Cimpress by 239.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,687 shares of the business services provider’s stock worth $66,000 after purchasing an additional 1,896 shares in the last quarter. Hedge funds and other institutional investors own 76.41% 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.