Cimpress (NASDAQ:CMPR) Sees Large Volume Increase – Here’s Why

Cimpress plc (NASDAQ:CMPR) saw strong trading volume on Tuesday . 220,207 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 149,807 shares.The stock last traded at $81.9910 and had previously closed at $83.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Barrington Research upped their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $111.50.

Cimpress Stock Down 2.4%

The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 45.52 and a beta of 1.80. The firm’s 50 day moving average is $88.97 and its two-hundred day moving average is $78.74.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data 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. The firm had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, analysts anticipate that Cimpress plc will post 3.81 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sean Edward Quinn sold 5,009 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the sale, the executive vice president owned 28,937 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 19,251 shares of the 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 sale, the executive vice president owned 19,674 shares in the company, valued at approximately $1,828,895.04. This trade represents a 49.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 47,240 shares of company stock worth $4,715,549. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cimpress

Large investors have recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of Cimpress in the first quarter valued at approximately $30,000. Allworth Financial LP increased its stake in shares of 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 during the period. Headlands Technologies LLC increased its stake in shares of Cimpress by 32.3% in the second 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 period. Raymond James Financial Inc. acquired a new stake in shares of Cimpress in the second quarter valued at approximately $51,000. Finally, Quarry LP acquired a new stake in shares of Cimpress in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

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.