Cimpress (NASDAQ:CMPR) Downgraded by StockNews.com to Buy

Cimpress (NASDAQ:CMPR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.

A number of other research analysts have also commented on CMPR. Barrington Research restated an "outperform" rating and set a $119.00 price target on shares of Cimpress in a research report on Wednesday, January 29th. Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, November 1st.

Cimpress Stock Down 5.4 %

Shares of NASDAQ:CMPR traded down $3.59 during midday trading on Friday, reaching $62.89. 235,086 shares of the company traded hands, compared to its average volume of 158,841. Cimpress has a 12 month low of $58.05 and a 12 month high of $104.92. The firm's fifty day moving average price is $75.23 and its two-hundred day moving average price is $81.04. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.63 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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%. Analysts forecast that Cimpress will post 3.94 earnings per share for the current year.

Institutional Trading of Cimpress

Hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Cimpress by 5.2% during the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock valued at $233,253,000 after buying an additional 140,899 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress in the 3rd quarter valued at about $7,582,000. Advantage Alpha Capital Partners LP bought a new position in Cimpress during the 3rd quarter worth approximately $2,932,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Cimpress by 42.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider's stock worth $8,055,000 after purchasing an additional 29,484 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock valued at $36,885,000 after purchasing an additional 26,727 shares during 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.