Cimpress (NASDAQ:CMPR) Stock Rating Reaffirmed by Barrington Research

Barrington Research restated their outperform rating on shares of Cimpress (NASDAQ:CMPR) in a research report report published on Tuesday morning, Benzinga reports. Barrington Research currently has a $113.00 target price on the business services provider’s stock. Barrington Research also issued estimates for Cimpress’ Q4 2024 earnings at $0.65 EPS, FY2024 earnings at $2.84 EPS and FY2025 earnings at $4.51 EPS.

A number of other research analysts have also recently weighed in on the stock. Truist Financial boosted their target price on shares of Cimpress from $90.00 to $110.00 and gave the company a buy rating in a research note on Friday, February 2nd. StockNews.com downgraded Cimpress from a strong-buy rating to a buy rating in a research note on Monday.

Cimpress Trading Up 2.9 %

Shares of CMPR opened at $87.28 on Tuesday. The stock has a 50 day moving average of $90.16 and a 200 day moving average of $80.98. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.13 and a beta of 1.94. Cimpress has a 12 month low of $42.84 and a 12 month high of $100.01.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.29). The business had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same period in the prior year, the business earned ($0.97) earnings per share. As a group, equities research analysts predict that Cimpress will post 3.07 earnings per share for the current year.

Insiders Place Their Bets

In other Cimpress news, CEO Florian Baumgartner sold 3,410 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total transaction of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares of the company’s stock, valued at approximately $2,528,273.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Florian Baumgartner sold 3,410 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the completion of the transaction, the chief executive officer now directly owns 29,804 shares in the company, valued at $2,528,273.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 1,651 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the sale, the executive vice president now directly owns 10,779 shares in the company, valued at approximately $970,110. The disclosure for this sale can be found here. Insiders sold 25,292 shares of company stock worth $2,319,309 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several large investors have recently added to or reduced their stakes in CMPR. Capula Management Ltd purchased a new stake in shares of Cimpress in the 3rd quarter valued at about $1,081,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Cimpress by 17.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,921 shares of the business services provider’s stock valued at $4,685,000 after purchasing an additional 10,057 shares in the last quarter. Legacy Advisors LLC bought a new stake in Cimpress during the third quarter valued at approximately $833,000. Allspring Global Investments Holdings LLC grew its stake in Cimpress by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,392 shares of the business services provider’s stock worth $7,238,000 after buying an additional 21,693 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Cimpress by 2,607.2% in the 3rd quarter. Lazard Asset Management LLC now owns 59,991 shares of the business services provider’s stock worth $4,199,000 after buying an additional 57,775 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

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.