Cimpress (NASDAQ:CMPR) Lowered to “Hold” Rating by Wall Street Zen

Cimpress (NASDAQ:CMPR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages also recently weighed in on CMPR. Truist Financial set a $74.00 price target on Cimpress and gave the company a “buy” rating in a report on Wednesday, July 30th. Barrington Research upped their price target on shares of Cimpress from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $55.35 on Friday. The business’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $47.28. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 108.53 and a beta of 1.70. Cimpress has a 12 month low of $35.21 and a 12 month high of $102.22.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.99). Cimpress had a negative return on equity of 2.67% and a net margin of 0.44%. The company had revenue of $869.48 million for the quarter, compared to analyst estimates of $844.24 million. On average, equities analysts anticipate that Cimpress will post 3.69 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

Large investors have recently modified their holdings of the stock. Blueshift Asset Management LLC bought a new position in shares of Cimpress during the first quarter worth about $822,000. GAMMA Investing LLC increased its stake in shares of Cimpress by 13,468.8% during the first quarter. GAMMA Investing LLC now owns 14,790 shares of the business services provider’s stock valued at $669,000 after acquiring an additional 14,681 shares during the period. Northern Trust Corp grew its position in Cimpress by 6.8% in the fourth quarter. Northern Trust Corp now owns 171,880 shares of the business services provider’s stock worth $12,327,000 after buying an additional 10,876 shares during the last quarter. SG Americas Securities LLC grew its position in Cimpress by 87.4% during the 1st quarter. SG Americas Securities LLC now owns 14,705 shares of the business services provider’s stock worth $665,000 after purchasing an additional 6,858 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Cimpress by 169.9% during the 4th quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider’s stock valued at $4,246,000 after purchasing an additional 37,272 shares during the period. 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.