Cimpress (NASDAQ:CMPR) Given New $87.00 Price Target at Truist Financial

Cimpress (NASDAQ:CMPR) had its price objective lowered by equities researchers at Truist Financial from $110.00 to $87.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential upside of 24.31% from the stock’s previous close.

Several other brokerages have also issued reports on CMPR. Barrington Research reissued an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research note on Wednesday. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Cimpress Trading Down 0.2 %

CMPR stock traded down $0.18 during midday trading on Friday, hitting $69.99. The stock had a trading volume of 30,777 shares, compared to its average volume of 141,801. The firm has a market cap of $1.76 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The business has a fifty day moving average price of $75.53 and a two-hundred day moving average price of $81.46. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.27%. On average, equities analysts anticipate that Cimpress will post 4.06 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cimpress by 54.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 9,324 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Cimpress during the third quarter valued at approximately $7,582,000. Diamond Hill Capital Management Inc. grew its holdings in Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares in the last quarter. JPMorgan Chase & Co. raised its position in Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after buying an additional 215 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted 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 valued at $7,918,000 after acquiring an additional 7,100 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

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.