Cimpress (NASDAQ:CMPR) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Cimpress (NASDAQ:CMPR - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

A number of other brokerages have also weighed in on CMPR. Truist Financial decreased their price objective on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a report on Friday, January 31st. Barrington Research restated an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Stock Down 0.5 %

Shares of CMPR stock traded down $0.26 during trading hours on Friday, hitting $55.38. 234,613 shares of the company's stock traded hands, compared to its average volume of 176,245. The stock's fifty day simple moving average is $71.99 and its two-hundred day simple moving average is $79.40. Cimpress has a 12-month low of $54.13 and a 12-month high of $104.92. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (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 27.64%. On average, equities analysts forecast that Cimpress will post 3.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently added to or reduced their stakes in CMPR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cimpress by 54.5% in 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 during the period. Sequoia Financial Advisors LLC bought a new stake in Cimpress in the 3rd quarter worth approximately $7,582,000. Diamond Hill Capital Management Inc. grew its position in 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 worth $36,885,000 after purchasing an additional 26,727 shares during the period. Hantz Financial Services Inc. grew its position in Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after purchasing an additional 13,297 shares during the period. Finally, SG Americas Securities LLC grew its position in Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after purchasing an additional 4,261 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Company Profile

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.