Cimpress plc (NASDAQ:CMPR – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $105.00 and last traded at $104.94, with a volume of 61399 shares trading hands. The stock had previously closed at $102.39.
Analyst Upgrades and Downgrades
CMPR has been the topic of a number of research reports. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Barrington Research raised their price objective on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Truist Financial set a $110.00 price objective on shares of Cimpress in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $111.50.
View Our Latest Report on Cimpress
Cimpress Trading Up 1.6%
Cimpress (NASDAQ:CMPR – Get Free Report) last released its earnings results 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 company had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. Sell-side analysts anticipate that Cimpress plc will post 3.81 EPS for the current year.
Insider Buying and Selling
In other news, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.20% of the company’s stock.
Institutional Investors Weigh In On Cimpress
Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Cimpress by 27.7% during the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after buying an additional 177 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Cimpress by 2.7% during the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock valued at $523,000 after buying an additional 189 shares during the last quarter. Ieq Capital LLC raised its position in shares of Cimpress by 0.4% during the fourth quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after buying an additional 220 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cimpress by 2.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock valued at $593,000 after buying an additional 225 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Cimpress by 1.3% during the fourth quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock valued at $1,230,000 after buying an additional 233 shares during the last quarter. 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.
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