Truist Financial Issues Pessimistic Forecast for Cimpress (NASDAQ:CMPR) Stock Price

Cimpress (NASDAQ:CMPR) had its price objective reduced by research analysts at Truist Financial from $108.00 to $90.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial‘s price objective would suggest a potential upside of 57.16% from the company’s previous close.

CMPR has been the topic of a number of other research reports. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Barrington Research set a $121.00 price objective on shares of Cimpress in a research report on Tuesday, August 11th. Finally, Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Cimpress has an average rating of “Moderate Buy” and an average target price of $105.50.

Cimpress Stock Up 0.4%

Shares of CMPR stock traded up $0.24 on Monday, reaching $57.27. The stock had a trading volume of 64,447 shares, compared to its average volume of 180,283. The firm’s 50-day moving average is $80.13 and its two-hundred day moving average is $84.29. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.97 and a beta of 1.90. Cimpress has a 12 month low of $56.51 and a 12 month high of $106.57.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 28th. The business services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91). Cimpress had a negative return on equity of 17.64% and a net margin of 2.25%. The business had revenue of $934.05 million for the quarter, compared to the consensus estimate of $934.18 million. On average, sell-side analysts forecast that Cimpress will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the sale, the chief executive officer directly owned 764,000 shares in the company, valued at $64,848,320. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 34,500 shares of company stock worth $3,001,585 in the last quarter. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP purchased a new stake in shares of Cimpress during the second quarter valued at approximately $47,545,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cimpress by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after acquiring an additional 18,262 shares during the last quarter. Rubric Capital Management LP grew its position in Cimpress by 6.8% during the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after acquiring an additional 104,419 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Cimpress in the second quarter worth $50,829,000. Finally, Headlands Technologies LLC bought a new position in shares of Cimpress in the second quarter worth approximately $764,000. 77.64% of the stock is owned by institutional investors.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.