Cimpress (NASDAQ:CMPR) Shares Gap Up – Here’s What Happened

Shares of Cimpress plc (NASDAQ:CMPRGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $89.28, but opened at $92.83. Cimpress shares last traded at $93.20, with a volume of 5,740 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMPR. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Barrington Research upped their price target on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial set a $110.00 price target on Cimpress in a research note on Friday, May 1st. Finally, Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cimpress currently has an average rating of “Moderate Buy” and an average price target of $111.50.

Check Out Our Latest Stock Analysis on CMPR

Cimpress Trading Up 1.1%

The company has a market capitalization of $2.28 billion, a P/E ratio of 52.95 and a beta of 1.79. The firm’s 50 day moving average price is $78.10 and its two-hundred day moving average price is $74.11.

Cimpress (NASDAQ:CMPRGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. The company had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. Analysts anticipate that Cimpress plc will post 3.62 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other news, EVP Maarten Wensveen sold 19,251 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Several large investors have recently made changes to their positions in CMPR. First Horizon Corp acquired a new stake in shares of Cimpress in the 3rd quarter valued at approximately $27,000. KBC Group NV acquired a new stake in shares of Cimpress in the 1st quarter valued at approximately $30,000. Allworth Financial LP lifted its holdings in Cimpress by 250.0% during the 3rd 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 during the last quarter. Headlands Technologies LLC lifted its holdings in Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 241 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cimpress during the 2nd quarter valued at $51,000. Institutional investors and hedge funds 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.

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