Cimpress (NASDAQ:CMPR) Given New $60.00 Price Target at Truist Financial

Cimpress (NASDAQ:CMPR) had its price objective cut by Truist Financial from $87.00 to $60.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

CMPR has been the subject of a number of other research reports. Barrington Research restated an “outperform” rating and issued a $119.00 price objective 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 note on Saturday, February 8th.

Cimpress Stock Up 0.6 %

Shares of NASDAQ CMPR opened at $40.10 on Monday. The business’s 50 day moving average is $43.41 and its two-hundred day moving average is $61.82. Cimpress has a 52-week low of $35.21 and a 52-week high of $104.92. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. The firm had revenue of $789.47 million during the quarter, compared to analysts’ expectations of $798.02 million. Analysts anticipate that Cimpress will post 3.69 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. The trade was a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Cimpress by 6.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after purchasing an additional 194,034 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cimpress by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,833,202 shares of the business services provider’s stock worth $131,477,000 after buying an additional 13,988 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Cimpress by 30.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock worth $63,406,000 after acquiring an additional 203,806 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Cimpress by 3.5% in the 4th quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider’s stock valued at $50,488,000 after acquiring an additional 24,040 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 31.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after acquiring an additional 141,942 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other 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.