Cimpress plc (NASDAQ:CMPR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Cimpress plc (NASDAQ:CMPR) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $97.50.

CMPR has been the subject of several recent analyst reports. Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Truist Financial set a $100.00 price target on shares of Cimpress in a research report on Friday, January 30th. Barrington Research raised their price objective on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently made changes to their positions in CMPR. Rubric Capital Management LP lifted 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 buying an additional 619,360 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake 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 worth $79,307,000 after acquiring an additional 503,849 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $13,921,000 after purchasing an additional 139,482 shares in the last quarter. Millennium Management LLC lifted its position in shares of Cimpress by 1,215.4% during the third quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock worth $8,003,000 after purchasing an additional 117,307 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Cimpress during the second quarter valued at approximately $3,183,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Stock Down 1.8%

Shares of CMPR opened at $73.58 on Friday. The company has a 50-day moving average price of $73.84 and a two-hundred day moving average price of $65.95. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 81.76 and a beta of 1.75. Cimpress has a 12 month low of $35.21 and a 12 month high of $82.43.

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

Cimpress Company Profile

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.