Cimpress (NASDAQ:CMPR) Stock Price Up 6.5% on Insider Buying Activity

Cimpress plc (NASDAQ:CMPR)’s stock price was up 6.5% on Monday following insider buying activity. The company traded as high as $44.66 and last traded at $44.61. Approximately 42,823 shares were traded during trading, a decline of 73% from the average daily volume of 156,957 shares. The stock had previously closed at $41.88.

Specifically, CFO Sean Edward Quinn acquired 5,000 shares of Cimpress stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, with a total value of $207,500.00. Following the acquisition, the chief financial officer now owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

CMPR has been the topic of a number of analyst reports. Truist Financial cut their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Stock Performance

The company has a fifty day moving average price of $58.85 and a two-hundred day moving average price of $72.79. The company has a market cap of $1.12 billion, a P/E ratio of 7.38, a PEG ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Research analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Cimpress during the 3rd quarter valued at about $29,000. Quarry LP purchased a new position in Cimpress during the 3rd quarter valued at approximately $111,000. Point72 Asset Management L.P. purchased a new position in shares of Cimpress in the 3rd quarter worth approximately $115,000. Meeder Asset Management Inc. bought a new stake in Cimpress during the 3rd quarter valued at $130,000. Finally, Vestcor Inc purchased a new stake in Cimpress during the 4th quarter valued at about $144,000. Institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.