Cimpress (NASDAQ:CMPR) Cut to “Buy” at Wall Street Zen

Cimpress (NASDAQ:CMPR) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts have also weighed in on CMPR. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Truist Financial set a $100.00 price objective on Cimpress in a report on Friday, January 30th. Barrington Research upped their target price on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cimpress has an average rating of “Buy” and an average target price of $97.50.

Cimpress Trading Down 1.7%

Shares of CMPR stock opened at $72.24 on Friday. Cimpress has a twelve month low of $35.21 and a twelve month high of $82.43. The stock has a market cap of $1.75 billion, a P/E ratio of 80.27 and a beta of 1.75. The stock has a 50 day moving average of $74.48 and a 200 day moving average of $67.78.

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

Institutional Investors Weigh In On Cimpress

A number of large investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its stake in Cimpress by 10.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,074 shares of the business services provider’s stock worth $338,000 after buying an additional 500 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Cimpress by 12.6% during the 4th quarter. Mackenzie Financial Corp now owns 11,274 shares of the business services provider’s stock worth $761,000 after acquiring an additional 1,265 shares during the period. XTX Topco Ltd raised its holdings in shares of Cimpress by 149.4% during the 4th quarter. XTX Topco Ltd now owns 9,635 shares of the business services provider’s stock worth $642,000 after acquiring an additional 5,772 shares during the period. Twinbeech Capital LP acquired a new position in shares of Cimpress during the 4th quarter valued at about $638,000. Finally, Smith Thomas W purchased a new stake in shares of Cimpress in the fourth quarter valued at about $8,617,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.