Barrington Research Lowers Cimpress (NASDAQ:CMPR) Price Target to $65.00

Cimpress (NASDAQ:CMPR) had its price objective dropped by Barrington Research from $95.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 48.81% from the stock’s current price.

CMPR has been the subject of several other research reports. StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th. Truist Financial lowered their target price on Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, May 5th.

Cimpress Stock Up 3.1 %

Shares of Cimpress stock opened at $43.68 on Friday. Cimpress has a 12-month low of $35.21 and a 12-month high of $104.92. The firm has a market capitalization of $1.10 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82. The stock’s fifty day moving average is $43.04 and its 200-day moving average is $60.94.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.94). The firm had revenue of $789.47 million for the quarter, compared to analysts’ expectations of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Analysts expect that Cimpress will post 3.69 EPS for the current year.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently bought and sold shares of CMPR. Hantz Financial Services Inc. boosted its stake in shares of Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after acquiring an additional 13,297 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Cimpress by 8.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider’s stock worth $7,178,000 after purchasing an additional 7,535 shares during the period. SG Americas Securities LLC grew its holdings in Cimpress by 118.8% during the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $563,000 after purchasing an additional 4,261 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after buying an additional 215 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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.