Cimpress (NASDAQ:CMPR) Sets New 52-Week High – Here’s Why

Cimpress plc (NASDAQ:CMPR) hit a new 52-week high on Monday . The company traded as high as $96.62 and last traded at $97.2350, with a volume of 20425 shares traded. The stock had previously closed at $94.20.

Analysts Set New Price Targets

CMPR has been the subject of a number of analyst reports. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Truist Financial set a $110.00 price objective on Cimpress in a research note on Friday, May 1st. Barrington Research upped their price objective on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Finally, Zacks Research cut 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Cimpress Stock Down 3.3%

The business has a 50 day simple moving average of $79.75 and a 200 day simple moving average of $74.79. The company has a market capitalization of $2.41 billion, a PE ratio of 55.89 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The company had revenue of $886.21 million during the quarter, compared to analysts’ expectations of $858.80 million. Equities analysts expect that Cimpress plc will post 3.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, 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 value of $1,789,572.96. Following the completion of the sale, the executive vice president directly owned 19,674 shares in the company, valued at approximately $1,828,895.04. This trade represents a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in Cimpress in the first quarter valued at about $30,000. Allworth Financial LP raised its stake in 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 buying an additional 370 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Cimpress by 27.7% in the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after buying an additional 177 shares during the last quarter. Quarry LP purchased a new stake in Cimpress in the third quarter valued at about $55,000. Finally, Headlands Technologies LLC raised its stake in 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 buying an additional 241 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.