Cimpress (NASDAQ:CMPR) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Cimpress plc (NASDAQ:CMPR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $79.67 and traded as high as $92.91. Cimpress shares last traded at $89.70, with a volume of 120,745 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMPR. Truist Financial set a $110.00 price objective on Cimpress in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, 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 note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $111.50.

Cimpress Price Performance

The firm has a market cap of $2.23 billion, a PE ratio of 51.64 and a beta of 1.80. The company has a 50 day moving average price of $90.87 and a 200 day moving average price of $79.75.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.40. The business had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, equities analysts anticipate that Cimpress plc will post 3.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Maarten Wensveen sold 19,251 shares of Cimpress 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 sale, the executive vice president directly owned 19,674 shares in the company, valued at $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the transaction, the executive vice president directly owned 28,937 shares in the company, valued at $3,015,814.14. This represents a 14.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,240 shares of company stock worth $4,715,549 in the last ninety days. 10.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

Several institutional investors have recently made changes to their positions in the stock. KBC Group NV purchased a new position in shares of Cimpress in the 1st quarter valued at about $30,000. Allworth Financial LP grew its position in Cimpress by 250.0% during the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares during the period. Headlands Technologies LLC grew its position in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the period. Raymond James Financial Inc. purchased a new position in Cimpress in the second quarter valued at about $51,000. Finally, Quarry LP purchased a new position in Cimpress in the third quarter valued at about $55,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.