Cimpress (NASDAQ:CMPR) Stock Rating Lowered by StockNews.com

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

CMPR has been the topic of several other reports. Barrington Research reaffirmed an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th. Truist Financial reduced their price objective 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 Performance

NASDAQ:CMPR traded down $0.59 on Thursday, reaching $69.80. The company's stock had a trading volume of 207,823 shares, compared to its average volume of 152,225. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92. The business's 50-day moving average price is $77.29 and its two-hundred day moving average price is $83.06. The firm has a market cap of $1.76 billion, a PE ratio of 11.99, a PEG ratio of 0.68 and a beta of 2.09.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data 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). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, sell-side analysts expect that Cimpress will post 4.27 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the third quarter valued at about $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 worth $2,164,000 after purchasing an additional 9,324 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock valued at $36,885,000 after buying an additional 26,727 shares during the last quarter. Millennium Management LLC grew its stake in shares of Cimpress by 34.6% in the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider's stock valued at $3,763,000 after buying an additional 11,041 shares in the last quarter. Finally, Barclays PLC increased its holdings in Cimpress by 70.3% during the third quarter. Barclays PLC now owns 63,825 shares of the business services provider's stock worth $5,229,000 after buying an additional 26,342 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.