Cimpress (NASDAQ:CMPR) Sets New 1-Year High – What’s Next?

Cimpress plc (NASDAQ:CMPR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $105.00 and last traded at $104.94, with a volume of 61399 shares traded. The stock had previously closed at $102.39.

Analysts Set New Price Targets

Several research analysts have commented on CMPR shares. Barrington Research upped 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. Truist Financial set a $110.00 price target on shares of Cimpress in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Finally, Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Cimpress Stock Performance

The company’s 50-day moving average is $82.04 and its 200 day moving average is $75.64. The company has a market capitalization of $2.52 billion, a PE ratio of 58.42 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last announced 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. 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 the consensus estimate of $858.80 million. On average, analysts forecast that Cimpress plc will post 3.81 EPS for the current fiscal year.

Insider Activity

In other news, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

A number of institutional investors have recently made changes to their positions in CMPR. Rubric Capital Management LP boosted its holdings in shares of Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after acquiring an additional 619,360 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Cimpress by 66.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after acquiring an additional 503,849 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cimpress by 8.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after acquiring an additional 272,260 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after acquiring an additional 139,482 shares during the last quarter. Finally, Smith Thomas W purchased a new stake in shares of Cimpress during the 4th quarter valued at about $8,617,000. Hedge funds and other 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.