Cimpress (NASDAQ:CMPR) PT Raised to $120.00

Cimpress (NASDAQ:CMPR) had its price objective boosted by analysts at Truist Financial from $110.00 to $120.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target would suggest a potential upside of 34.89% from the company’s previous close.

A number of other research firms have also commented on CMPR. Barrington Research restated an “outperform” rating and issued a $113.00 price objective on shares of Cimpress in a research report on Tuesday, May 28th. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Cimpress Price Performance

NASDAQ:CMPR opened at $88.96 on Friday. Cimpress has a 1 year low of $57.01 and a 1 year high of $104.92. The stock’s fifty day moving average price is $87.82 and its two-hundred day moving average price is $87.73. The company has a market cap of $2.26 billion, a P/E ratio of 27.46, a P/E/G ratio of 0.78 and a beta of 2.00.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). The company had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a negative return on equity of 28.93% and a net margin of 5.28%. During the same period last year, the company posted ($0.97) EPS. On average, analysts expect that Cimpress will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, CEO Florian Baumgartner sold 4,035 shares of Cimpress stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $81.28, for a total transaction of $327,964.80. Following the completion of the sale, the chief executive officer now directly owns 27,619 shares in the company, valued at $2,244,872.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 15,514 shares of company stock worth $1,295,536. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in shares of Cimpress by 9,821.4% during the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after purchasing an additional 154,785 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Cimpress during the second quarter valued at approximately $12,696,000. Norges Bank purchased a new position in shares of Cimpress during the fourth quarter worth approximately $9,433,000. Hennessy Advisors Inc. purchased a new position in shares of Cimpress during the second quarter worth approximately $8,034,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after acquiring an additional 91,543 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.