Cimpress NV (CMPR) Sees Large Volume Increase
Cimpress NV (NASDAQ:CMPR) shares saw an uptick in trading volume on Friday . 330,839 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 436,808 shares.The stock last traded at $95.73 and had previously closed at $92.07.
A number of research firms have recently weighed in on CMPR. Zacks Investment Research downgraded Cimpress NV from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Cowen and Company reissued a “market perform” rating and issued a $90.00 price target (up previously from $80.00) on shares of Cimpress NV in a research note on Thursday, May 26th. Axiom Securities reissued a “hold” rating on shares of Cimpress NV in a research note on Wednesday, May 4th. Jefferies Group reissued a “hold” rating on shares of Cimpress NV in a research note on Thursday, April 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $98.00 price target on shares of Cimpress NV in a research note on Thursday, March 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $84.22.
The stock has a market cap of $3.01 billion and a price-to-earnings ratio of 100.82. The stock’s 50-day moving average is $95.23 and its 200-day moving average is $87.95.
Cimpress NV (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 27th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $1.44. The business had revenue of $436.82 million for the quarter, compared to analyst estimates of $396.58 million. During the same quarter in the previous year, the company earned $0.26 EPS. Cimpress NV’s quarterly revenue was up 28.5% on a year-over-year basis. Equities research analysts expect that Cimpress NV will post $3.48 EPS for the current year.
In other news, Chairman Robert S. Keane sold 31,805 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $100.16, for a total value of $3,185,588.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katryn Blake sold 922 shares of the stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $95.00, for a total transaction of $87,590.00. Following the completion of the transaction, the insider now directly owns 14,083 shares in the company, valued at approximately $1,337,885. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of the company. Nationwide Fund Advisors raised its position in shares of Cimpress NV by 2.3% in the fourth quarter. Nationwide Fund Advisors now owns 21,520 shares of the company’s stock worth $1,746,000 after buying an additional 481 shares during the last quarter. Oxford Asset Management bought a new position in shares of Cimpress NV during the fourth quarter worth approximately $3,099,000. Rhumbline Advisers raised its position in shares of Cimpress NV by 6.2% in the fourth quarter. Rhumbline Advisers now owns 39,444 shares of the company’s stock worth $3,200,000 after buying an additional 2,290 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Cimpress NV by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 40,834 shares of the company’s stock worth $3,313,000 after buying an additional 900 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Cimpress NV by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 60,828 shares of the company’s stock worth $4,936,000 after buying an additional 1,016 shares during the last quarter.
Cimpress N.V., formerly Vistaprint N.V., is engaged in the mass customization business. The Company aggregates, through the Internet, orders for a range of print, signage, apparel and similar products. The Company’s segments include Vistaprint Business Unit, Upload and Print Business Units, and All Other Business Units.
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