Truist Financial Boosts Cimpress (NASDAQ:CMPR) Price Target to $120.00

Cimpress (NASDAQ:CMPR) had its price objective lifted by Truist Financial from $110.00 to $120.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Barrington Research reiterated an outperform rating and issued a $113.00 price objective on shares of Cimpress in a research note on Tuesday, May 28th. StockNews.com upgraded shares of Cimpress from a buy rating to a strong-buy rating in a research note on Thursday.

Cimpress Stock Performance

Shares of NASDAQ:CMPR traded down $4.90 during mid-day trading on Friday, hitting $84.06. The stock had a trading volume of 129,794 shares, compared to its average volume of 151,489. The company has a market cap of $2.14 billion, a PE ratio of 25.98, a P/E/G ratio of 0.78 and a beta of 2.00. The company’s 50 day moving average is $87.82 and its 200-day moving average is $87.85. Cimpress has a 12-month low of $57.01 and a 12-month high of $104.92.

Insider Transactions at Cimpress

In other news, CEO Florian Baumgartner sold 3,410 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $85.18, for a total transaction of $290,463.80. Following the transaction, the chief executive officer now owns 29,804 shares in the company, valued at approximately $2,538,704.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 15,514 shares of company stock worth $1,295,536 in the last 90 days. 17.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after buying an additional 519 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Cimpress in the 1st quarter valued at $200,000. Legacy Capital Group California Inc. acquired a new position in Cimpress in the 2nd quarter valued at $202,000. Olympiad Research LP bought a new stake in Cimpress in the 4th quarter valued at $212,000. Finally, Advisory Services Network LLC bought a new stake in Cimpress in the 4th quarter valued at $216,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.