Cimpress (NASDAQ:CMPR) Rating Increased to Strong-Buy at Wall Street Zen

Cimpress (NASDAQ:CMPR) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

A number of other equities research analysts have also recently issued reports on the company. Barrington Research upped 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. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Truist Financial set a $100.00 price target on shares of Cimpress in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Cimpress Price Performance

Shares of Cimpress stock opened at $73.05 on Friday. The firm has a fifty day moving average price of $74.21 and a two-hundred day moving average price of $68.43. Cimpress has a fifty-two week low of $35.21 and a fifty-two week high of $82.43. The company has a market cap of $1.77 billion, a PE ratio of 81.17 and a beta of 1.75.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $993.64 million. Analysts expect that Cimpress will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cimpress

Several large investors have recently modified their holdings of CMPR. Ieq Capital LLC lifted its stake in shares of Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock worth $3,866,000 after buying an additional 220 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Cimpress by 2.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 225 shares during the period. Cerity Partners LLC lifted its position in Cimpress by 1.3% during the fourth quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock worth $1,230,000 after acquiring an additional 233 shares during the last quarter. Captrust Financial Advisors lifted its position in Cimpress by 4.7% during the fourth quarter. Captrust Financial Advisors now owns 5,263 shares of the business services provider’s stock worth $350,000 after acquiring an additional 237 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after acquiring an additional 241 shares during the period. 77.64% of the stock is owned by institutional investors.

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.