Cimpress’ (CMPR) “Outperform” Rating Reiterated at Barrington Research

Cimpress (NASDAQ:CMPR)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued on Wednesday,Benzinga reports. They presently have a $119.00 target price on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 63.35% from the company’s previous close.

Several other brokerages have also issued reports on CMPR. Truist Financial decreased their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Cimpress Stock Performance

NASDAQ CMPR opened at $72.85 on Wednesday. The stock has a fifty day moving average of $75.83 and a 200-day moving average of $81.59. The stock has a market capitalization of $1.83 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.66 and a beta of 2.09. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities research analysts forecast that Cimpress will post 4.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMPR. Hantz Financial Services Inc. lifted its position in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after buying an additional 13,297 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Cimpress by 118.8% during the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after purchasing an additional 4,261 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after acquiring an additional 7,100 shares during the period. Mayfair Advisory Group LLC bought a new position in shares of Cimpress in the fourth quarter worth $204,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Cimpress in the 4th quarter valued at approximately $263,000. 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.