Cimpress (NASDAQ:CMPR) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cimpress (NASDAQ:CMPR) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday.

Several other analysts have also weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Truist Financial set a $100.00 price objective on shares of Cimpress in a research report on Friday, January 30th. Finally, Barrington Research boosted their target price on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Cimpress Trading Up 0.5%

Shares of NASDAQ:CMPR opened at $73.05 on Friday. Cimpress has a twelve month low of $35.21 and a twelve month high of $82.43. The firm has a market cap of $1.77 billion, a P/E ratio of 81.17 and a beta of 1.75. The company has a 50 day moving average of $74.21 and a 200-day moving average of $68.49.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. Equities research analysts forecast that Cimpress will post 3.69 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP grew its position in Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock worth $74,437,000 after purchasing an additional 619,360 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after purchasing an additional 503,849 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Cimpress by 8.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock worth $241,083,000 after buying an additional 272,260 shares during the period. AQR Capital Management LLC grew its holdings in shares of Cimpress by 89.0% during the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after buying an additional 139,482 shares in the last quarter. Finally, Smith Thomas W purchased a new position in shares of Cimpress during the fourth quarter valued at $8,617,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.