Brokerages Set Cimpress plc (NASDAQ:CMPR) Target Price at $97.50

Cimpress plc (NASDAQ:CMPR) has been assigned an average rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $97.50.

A number of research analysts recently commented on the company. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Truist Financial set a $100.00 target price on Cimpress in a research report on Friday, January 30th. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Finally, Barrington Research increased their price target on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

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

Cimpress Stock Up 2.5%

NASDAQ CMPR opened at $81.18 on Wednesday. The business’s fifty day simple moving average is $73.54 and its 200-day simple moving average is $71.33. The firm has a market cap of $1.97 billion, a PE ratio of 90.20 and a beta of 1.71. Cimpress has a 52 week low of $35.21 and a 52 week high of $82.81.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.34. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. Research analysts expect that Cimpress will post 3.69 EPS for the current 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.