Cimpress (NASDAQ:CMPR) Sets New 12-Month High – What’s Next?

by · The Cerbat Gem

Cimpress plc (NASDAQ:CMPRGet Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $77.11 and last traded at $76.9050, with a volume of 35218 shares trading hands. The stock had previously closed at $73.79.

Analyst Ratings Changes

Several analysts have commented on CMPR shares. Barrington Research boosted their target price on shares of Cimpress from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Truist Financial boosted their price target on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Citigroup reiterated an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

View Our Latest Report on Cimpress

Cimpress Trading Up 6.5%

The company’s fifty day simple moving average is $69.15 and its 200-day simple moving average is $61.57. The stock has a market cap of $1.94 billion, a P/E ratio of 59.85 and a beta of 1.73.

Cimpress (NASDAQ:CMPRGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $863.28 million for the quarter, compared to analyst estimates of $839.42 million. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%. As a group, analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, EVP Sean Edward Quinn bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the transaction, the executive vice president directly owned 36,484 shares of the company’s stock, valued at $2,290,830.36. This trade represents a 12.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction dated 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 transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently made changes to their positions in CMPR. Voya Investment Management LLC boosted its position in shares of Cimpress by 22.6% in the 1st quarter. Voya Investment Management LLC now owns 11,504 shares of the business services provider’s stock worth $520,000 after purchasing an additional 2,124 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Cimpress in the second quarter valued at about $1,567,000. AQR Capital Management LLC boosted its holdings in Cimpress by 129.6% during the first quarter. AQR Capital Management LLC now owns 156,702 shares of the business services provider’s stock worth $7,088,000 after buying an additional 88,466 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Cimpress by 3.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider’s stock worth $13,127,000 after buying an additional 9,597 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Cimpress in the 2nd quarter valued at about $1,385,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

(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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