Brokerages Set Cimpress plc (NASDAQ:CMPR) Price Target at $97.50

Shares of Cimpress plc (NASDAQ:CMPR) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $97.50.

CMPR has been the subject of several recent analyst reports. Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Barrington Research raised their price target on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Truist Financial set a $100.00 price objective on shares of Cimpress in a report on Friday, January 30th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. First Horizon Corp purchased a new stake in Cimpress in the third quarter valued at approximately $27,000. Allworth Financial LP lifted its stake in Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 370 shares during the period. Quarry LP purchased a new stake in shares of Cimpress in the 3rd quarter valued at $55,000. Headlands Technologies LLC increased its stake in shares of Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after acquiring an additional 241 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Cimpress during the fourth quarter worth $66,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Trading Up 0.5%

NASDAQ CMPR opened at $73.05 on Tuesday. The firm’s fifty day simple moving average is $74.21 and its two-hundred day simple moving average is $68.43. Cimpress has a 12-month low of $35.21 and a 12-month high of $82.43. The firm has a market capitalization of $1.77 billion, a P/E ratio of 81.17 and a beta of 1.75.

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

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.