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

Cimpress (NASDAQ:CMPR - Free Report) had its price objective reduced by Truist Financial from $120.00 to $110.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the business services provider's stock.

Other analysts have also recently issued research reports about the company. StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a report on Thursday. Barrington Research upped their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 27th.

Cimpress Stock Up 3.2 %

CMPR traded up $2.24 during midday trading on Friday, reaching $71.25. 243,369 shares of the company's stock were exchanged, compared to its average volume of 153,148. The business has a 50-day simple moving average of $83.89 and a two-hundred day simple moving average of $85.94. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03. Cimpress has a one year low of $58.01 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $3.56. The business had revenue of $832.61 million during the quarter, compared to analysts' expectations of $832.90 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. As a group, research analysts anticipate that Cimpress will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert S. Keane sold 396 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now owns 986,785 shares of the company's stock, valued at approximately $96,260,876.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Robert S. Keane sold 45,310 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the sale, the chief executive officer now owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert S. Keane sold 396 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,116 shares of company stock worth $7,019,606 over the last three months. 17.80% of the stock is currently owned by company insiders.

Institutional Trading of Cimpress

Hedge funds have recently modified their holdings of the company. CWM LLC lifted its holdings in Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider's stock worth $73,000 after acquiring an additional 519 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Cimpress during the 1st quarter worth approximately $200,000. Legacy Capital Group California Inc. acquired a new stake in Cimpress during the 2nd quarter worth approximately $202,000. Optimist Retirement Group LLC bought a new position in Cimpress in the second quarter valued at approximately $204,000. Finally, GM Advisory Group LLC acquired a new position in shares of Cimpress in the first quarter valued at approximately $239,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.