Cimpress (NASDAQ:CMPR) Earns Outperform Rating from Barrington Research

Cimpress (NASDAQ:CMPR - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research note issued on Friday,Benzinga reports. They presently have a $119.00 price objective on the business services provider's stock. Barrington Research's price objective would suggest a potential upside of 60.36% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Truist Financial lowered their price target on Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, November 1st. StockNews.com cut Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th.

Cimpress Stock Up 0.7 %

CMPR stock traded up $0.51 during midday trading on Friday, reaching $74.21. The company's stock had a trading volume of 268,114 shares, compared to its average volume of 151,852. The business's 50-day simple moving average is $79.01 and its 200-day simple moving average is $84.43. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The stock has a market cap of $1.87 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates 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 previous year, the firm posted $0.17 earnings per share. As a group, equities analysts forecast that Cimpress will post 4.27 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cimpress by 5.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider's stock worth $287,000 after buying an additional 169 shares in the last quarter. Rhumbline Advisers boosted its position in Cimpress by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider's stock worth $2,375,000 after acquiring an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Cimpress by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider's stock worth $910,000 after acquiring an additional 334 shares in the last quarter. Optimist Retirement Group LLC raised its holdings in shares of Cimpress by 15.1% in the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider's stock valued at $220,000 after purchasing an additional 352 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress in the third quarter worth $29,000. 77.64% of the stock is currently 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.