Cimpress (NASDAQ:CMPR) Reaches New 52-Week High – Should You Buy?

by · The Markets Daily

Shares of Cimpress plc (NASDAQ:CMPR – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $80.21 and last traded at $79.73, with a volume of 112234 shares traded. The stock had previously closed at $77.32.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barrington Research raised their target price on shares of Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a research report on Wednesday, October 1st. Finally, Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Cimpress has a consensus rating of “Moderate Buy” and an average price target of $80.50.

View Our Latest Report on CMPR

Cimpress Stock Performance

The company has a market capitalization of $1.97 billion, a P/E ratio of 60.87 and a beta of 1.73. The stock’s fifty day moving average price is $70.77 and its 200-day moving average price is $62.93.

Cimpress (NASDAQ:CMPR – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $863.28 million during the quarter, compared to analysts’ expectations of $839.42 million. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%. On average, research analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the completion of the transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. The trade was a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean Edward Quinn acquired 4,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the acquisition, the executive vice president owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. The trade was a 12.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

A number of hedge funds have recently modified their holdings of the stock. Amundi boosted its holdings in shares of Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after buying an additional 3,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cimpress by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after acquiring an additional 282 shares during the period. Voya Investment Management LLC grew its position in shares of Cimpress by 22.6% in the first quarter. Voya Investment Management LLC now owns 11,504 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 2,124 shares during the last quarter. Pallas Capital Advisors LLC grew its position in shares of Cimpress by 39.9% in the second quarter. Pallas Capital Advisors LLC now owns 24,676 shares of the business services provider’s stock valued at $1,160,000 after purchasing an additional 7,032 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Cimpress during the second quarter worth approximately $454,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Company Profile

(Get Free Report)

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.

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