Cimpress (NASDAQ:CMPR) Stock Price Target Lowered at Truist Financial

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

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

Cimpress Stock Performance

CMPR traded up $0.24 during trading on Monday, reaching $57.27. 64,447 shares of the company traded hands, compared to its average volume of 180,283. The firm has a fifty day simple moving average of $80.13 and a 200 day simple moving average of $84.29. Cimpress has a 12-month low of $56.51 and a 12-month high of $106.57. The company has a market cap of $1.41 billion, a P/E ratio of 16.97 and a beta of 1.90.

Cimpress (NASDAQ:CMPR) last announced 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 net margin of 2.25% and a negative return on equity of 17.64%. The business had revenue of $934.05 million during the quarter, compared to the consensus estimate of $934.18 million. As a group, sell-side analysts expect that Cimpress will post 4.38 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other news, CEO Robert Keane sold 16,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 34,500 shares of company stock valued at $3,001,585 over the last three months. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Cimpress in the 2nd quarter valued at approximately $50,829,000. Wasatch Advisors LP purchased a new stake in shares of Cimpress in the second quarter valued at about $47,545,000. Rubric Capital Management LP grew its position in shares of Cimpress by 6.8% in 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 purchasing an additional 104,419 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Cimpress by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after purchasing an additional 92,764 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Cimpress by 19.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 329,805 shares of the business services provider’s stock worth $24,076,000 after purchasing an additional 54,341 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other 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.