Cimpress plc (NASDAQ:CMPR) Receives $97.50 Average Target Price from Analysts

Shares of Cimpress plc (NASDAQ:CMPR) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $97.50.

A number of equities analysts have commented on CMPR shares. Barrington Research boosted their price objective on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Truist Financial set a $100.00 price objective on shares of Cimpress in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently modified their holdings of CMPR. First Horizon Corp bought a new position in Cimpress in the 3rd quarter worth approximately $27,000. Allworth Financial LP boosted its position in Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after buying an additional 370 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after buying an additional 241 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cimpress in the 2nd quarter valued at $51,000. Finally, Quarry LP bought a new stake in shares of Cimpress during the third quarter worth $55,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Up 3.9%

NASDAQ:CMPR opened at $71.99 on Friday. Cimpress has a 1 year low of $35.21 and a 1 year high of $82.43. The firm has a 50 day moving average of $74.50 and a 200-day moving average of $69.58. The stock has a market capitalization of $1.75 billion, a P/E ratio of 79.99 and a beta of 1.75.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results 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. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. As a group, analysts forecast that Cimpress will post 3.69 EPS for the current fiscal year.

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.