Cimpress (NASDAQ:CMPR) Upgraded 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 report released on Saturday morning.

Several other analysts also recently weighed in on CMPR. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Barrington Research boosted their price objective on shares of Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Truist Financial set a $100.00 price target on Cimpress in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cimpress currently has a consensus rating of “Buy” and a consensus target price of $97.50.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $76.97 on Friday. The business’s 50-day moving average is $74.16 and its 200 day moving average is $66.62. Cimpress has a 1 year low of $35.21 and a 1 year high of $82.43. The firm has a market capitalization of $1.87 billion, a P/E ratio of 85.52 and a beta of 1.75.

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

Hedge Funds Weigh In On Cimpress

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC boosted its stake in shares of Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 282 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Cimpress by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,483 shares of the business services provider’s stock worth $827,000 after purchasing an additional 324 shares in the last quarter. CWM LLC grew its stake in shares of Cimpress by 1.7% during the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 346 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Cimpress by 1.7% during the 3rd quarter. Alliancebernstein L.P. now owns 20,743 shares of the business services provider’s stock worth $1,308,000 after purchasing an additional 353 shares during the period. 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.