Cimpress (NASDAQ:CMPR) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research note published on Saturday.

Several other research analysts have also recently commented on CMPR. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Truist Financial set a $100.00 price objective on shares of Cimpress in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Barrington Research increased their price target on Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cimpress presently has a consensus rating of “Buy” and an average price target of $97.50.

Cimpress Price Performance

CMPR opened at $75.64 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 84.05 and a beta of 1.75. The business’s 50-day moving average price is $73.97 and its two-hundred day moving average price is $66.29. Cimpress has a 1 year low of $35.21 and a 1 year high of $82.43.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.64 million. Sell-side analysts anticipate that Cimpress will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

Hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC acquired a new position in shares of Cimpress during the 4th quarter worth approximately $212,000. Wakefield Asset Management LLLP acquired a new position in shares of Cimpress in the fourth quarter valued at $1,066,000. Crestwood Advisors Group LLC acquired a new position in shares of Cimpress in the fourth quarter valued at $202,000. Merit Financial Group LLC bought a new position in shares of Cimpress in the fourth quarter valued at about $209,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cimpress by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,705 shares of the business services provider’s stock worth $114,000 after buying an additional 442 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.