Cimpress plc (NASDAQ:CMPR – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $106.58 and last traded at $106.0650, with a volume of 34942 shares changing hands. The stock had previously closed at $103.00.
Analyst Ratings Changes
Several equities research analysts have issued reports on CMPR shares. 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 raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th. Truist Financial set a $110.00 price target on Cimpress in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Finally, Barrington Research upped their price objective on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $111.50.
View Our Latest Stock Analysis on Cimpress
Cimpress Price Performance
Cimpress (NASDAQ:CMPR – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The business had revenue of $886.21 million during the quarter, compared to analysts’ expectations of $858.80 million. Research analysts expect that Cimpress plc will post 3.81 earnings per share for the current year.
Insider Transactions at Cimpress
In related news, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total value of $522,037.98. Following the transaction, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Cimpress
Hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new position in Cimpress in the 2nd quarter valued at $33,000. KBC Group NV bought a new position in shares of Cimpress in the first quarter worth $30,000. Allworth Financial LP raised its stake in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 370 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Cimpress by 27.7% during the first 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. Finally, Quarry LP acquired a new stake in Cimpress during the third quarter worth about $55,000. Institutional investors own 77.64% of the company’s stock.
Cimpress Company Profile
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.
Featured Stories
- Five stocks we like better than Cimpress
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Cimpress Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimpress and related companies with MarketBeat.com's FREE daily email newsletter.
