Cimpress (NASDAQ:CMPR) Sees Large Volume Increase – Here’s Why

Cimpress plc (NASDAQ:CMPRGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 220,207 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 149,807 shares.The stock last traded at $81.9910 and had previously closed at $83.33.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMPR shares. Truist Financial set a $110.00 price objective on shares of Cimpress in a research note on Friday, May 1st. Barrington Research raised their price objective 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 upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $111.50.

Check Out Our Latest Research Report on Cimpress

Cimpress Stock Performance

The business’s 50 day moving average is $88.97 and its 200 day moving average is $78.74. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 45.52 and a beta of 1.80.

Cimpress (NASDAQ:CMPRGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The firm had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. Research analysts expect that Cimpress plc will post 3.81 earnings per share for the current year.

Insider Buying and Selling at Cimpress

In related news, EVP Sean Edward Quinn sold 5,009 shares of Cimpress stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the sale, the executive vice president owned 28,937 shares of the company’s stock, valued at approximately $3,015,814.14. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maarten Wensveen sold 19,251 shares of Cimpress 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 transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV bought a new position in shares of Cimpress during the 1st quarter worth about $30,000. Allworth Financial LP increased its holdings in shares of Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after purchasing an additional 370 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after purchasing an additional 177 shares during the period. Quarry LP bought a new position in shares of Cimpress during the 3rd quarter worth about $55,000. Finally, Headlands Technologies LLC increased its holdings in shares of Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares during the period. Institutional investors own 77.64% of the company’s stock.

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.

Further Reading

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