Cimpress (NASDAQ:CMPR) Price Target Lowered to $108.00 at Truist Financial

Cimpress (NASDAQ:CMPR) had its price target reduced by Truist Financial from $110.00 to $108.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Barrington Research lifted their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $110.50.

Cimpress Trading Up 4.2%

NASDAQ:CMPR opened at $98.70 on Friday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 26.18 and a beta of 1.79. The business’s 50-day moving average price is $96.00 and its two-hundred day moving average price is $84.65. Cimpress has a 1-year low of $48.51 and a 1-year high of $106.57.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). The firm had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%. Sell-side analysts predict that Cimpress will post 4.51 earnings per share for the current year.

Insider Activity at Cimpress

In other news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the sale, the executive vice president directly owned 19,674 shares in the company, valued at approximately $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $104.22, for a total transaction of $522,037.98. Following the sale, the executive vice president directly owned 28,937 shares of the company’s stock, valued at $3,015,814.14. This represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Cimpress

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP boosted its position in shares of 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 acquiring an additional 619,360 shares in the last quarter. Wasatch Advisors LP bought a new position in Cimpress in the second quarter valued at approximately $47,545,000. Janus Henderson Group PLC raised its position in Cimpress by 8.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after purchasing an additional 272,260 shares in the last quarter. AQR Capital Management LLC lifted its stake in 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 during the last quarter. Finally, Smith Thomas W bought a new stake in Cimpress during the fourth quarter worth $8,617,000. 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.