Truist Financial Has Lowered Expectations for Cimpress (NASDAQ:CMPR) Stock Price

Cimpress (NASDAQ:CMPR - Get Free Report) had its price target cut by stock analysts at Truist Financial from $110.00 to $87.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Truist Financial's target price points to a potential upside of 43.66% from the company's previous close.

CMPR has been the subject of several other research reports. StockNews.com lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Friday. Barrington Research restated an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Stock Down 3.7 %

NASDAQ CMPR traded down $2.33 on Friday, reaching $60.56. The company had a trading volume of 232,104 shares, compared to its average volume of 166,350. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.63 and a beta of 2.08. The stock's 50 day moving average is $74.82 and its 200-day moving average is $80.82.

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 analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.27%. As a group, analysts forecast that Cimpress will post 3.94 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cimpress by 54.5% in the third 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 acquiring an additional 9,324 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Cimpress during the third quarter worth about $7,582,000. Diamond Hill Capital Management Inc. increased its position 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 during the last quarter. Hantz Financial Services Inc. raised its stake in 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 period. Finally, SG Americas Securities LLC lifted its position in shares of Cimpress by 118.8% in the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock valued at $563,000 after buying an additional 4,261 shares during the last quarter. 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.