Cimpress NV (CMPR) Sees Unusually-High Trading Volume
Cimpress NV (NASDAQ:CMPR) shares saw an uptick in trading volume on Friday . 330,839 shares changed hands during 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 issued reports 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 reiterated a “market perform” rating and set 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 reiterated a “hold” rating on shares of Cimpress NV in a research note on Wednesday, May 4th. Jefferies Group reiterated a “hold” rating on shares of Cimpress NV in a research note on Thursday, April 28th. Finally, Barrington Research downgraded Cimpress NV from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.22.
The company has a market cap of $3.01 billion and a P/E ratio of 100.82. The company has a 50 day moving average price of $95.23 and a 200-day moving average price of $87.95.
Cimpress NV (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $1.44. During the same period in the prior year, the firm posted $0.26 earnings per share. The company had revenue of $436.82 million for the quarter, compared to the consensus estimate of $396.58 million. Cimpress NV’s quarterly revenue was up 28.5% compared to the same quarter last year. Equities analysts expect that Cimpress NV will post $3.48 earnings per share for the current fiscal year.
In other Cimpress NV news, Chairman Robert S. Keane sold 31,805 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. Also, Chairman Robert S. Keane sold 55,549 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $100.08, for a total transaction of $5,559,343.92. The disclosure for this sale can be found here.
A number of large investors have made changes to their positions in CMPR. Janus Capital Management boosted its stake in shares of Cimpress NV by 15.6% in the third quarter. Janus Capital Management now owns 2,268,271 shares of the company’s stock worth $172,638,000 after buying an additional 306,178 shares during the period. Nationwide Fund Advisors boosted its stake 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 period. California State Teachers Retirement System boosted its stake 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 period. Rhumbline Advisers boosted its stake 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 period. Finally, Oxford Asset Management acquired a new stake in shares of Cimpress NV during the fourth quarter worth $3,099,000.
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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