Cimpress (NASDAQ:CMPR) Shares Gap Up – Here’s Why

Cimpress plc (NASDAQ:CMPR)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $76.03, but opened at $80.52. Cimpress shares last traded at $80.72, with a volume of 8,616 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMPR shares. Wall Street Zen lowered shares of Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial dropped their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Barrington Research set a $121.00 target price on Cimpress in a research report on Tuesday, August 11th. Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cimpress currently has an average rating of “Moderate Buy” and an average price target of $114.50.

Cimpress Trading Up 1.4%

The business has a 50 day simple moving average of $82.27 and a two-hundred day simple moving average of $88.98. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 21.82 and a beta of 1.82.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). The firm had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. Research analysts anticipate that Cimpress plc will post 4.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cimpress news, CEO Robert Keane sold 16,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the completion of the transaction, the chief executive officer directly owned 764,000 shares of the company’s stock, valued at $64,848,320. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 34,500 shares of company stock valued at $3,001,585. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in Cimpress by 27.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after buying an additional 177 shares in the last quarter. Quantinno Capital Management LP raised its stake in Cimpress by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 189 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Cimpress by 3.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock valued at $701,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Cimpress during the 2nd quarter valued at $33,000. Finally, KBC Group NV bought a new position in shares of Cimpress in the first quarter worth $30,000. Institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.