Cimpress (NASDAQ:CMPR) Given New $110.00 Price Target at Truist Financial

Cimpress (NASDAQ:CMPR) had its price objective lowered by analysts at Truist Financial from $120.00 to $110.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price would suggest a potential upside of 52.31% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research raised their target price on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th.

Cimpress Price Performance

NASDAQ:CMPR traded up $3.21 during mid-day trading on Friday, reaching $72.22. The stock had a trading volume of 20,268 shares, compared to its average volume of 152,096. Cimpress has a 12 month low of $58.01 and a 12 month high of $104.92. The stock has a market capitalization of $1.82 billion, a PE ratio of 12.36, a P/E/G ratio of 0.64 and a beta of 2.03. The stock has a 50-day simple moving average of $83.89 and a two-hundred day simple moving average of $85.94.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million during the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a negative return on equity of 27.05% and a net margin of 4.69%. Equities analysts expect that Cimpress will post 4.4 EPS for the current year.

Insider Activity

In related news, CEO Robert S. Keane sold 396 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the sale, the chief executive officer now directly owns 986,785 shares in the company, valued at $96,260,876.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maarten Wensveen sold 1,317 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the sale, the executive vice president now directly owns 22,830 shares in the company, valued at approximately $2,054,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,116 shares of company stock valued at $7,019,606. Insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of hedge funds have recently added to or reduced their stakes in CMPR. Vanguard Group Inc. raised its holdings in shares of Cimpress by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock valued at $137,726,000 after purchasing an additional 89,931 shares during the period. Principal Financial Group Inc. bought a new position in Cimpress in the first quarter worth approximately $200,000. Swiss National Bank grew its stake in Cimpress by 0.9% in the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after acquiring an additional 300 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Cimpress during the 1st quarter valued at $273,000. Finally, Russell Investments Group Ltd. increased its position in shares of Cimpress by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 16,039 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 712 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

About Cimpress

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.