Cimpress NV (CMPR) Sees Large Volume Increase
Shares of Cimpress NV (NASDAQ:CMPR) saw unusually-high trading volume on Thursday . Approximately 624,715 shares traded hands during trading, an increase of 176% from the previous session’s volume of 226,141 shares.The stock last traded at $93.79 and had previously closed at $94.25.
CMPR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Cimpress NV from a “sell” rating to a “hold” rating in a research note on Wednesday, March 30th. Axiom Securities cut shares of Cimpress NV from a “hold” rating to a “sell” rating and set a $84.00 price objective on the stock. in a research note on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and issued a $90.00 price objective (up from $80.00) on shares of Cimpress NV in a research note on Thursday, May 26th. Jefferies Group reaffirmed a “hold” rating on shares of Cimpress NV in a research note on Monday, July 11th. Finally, Cantor Fitzgerald cut shares of Cimpress NV from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $84.22.
The firm has a 50 day moving average of $94.83 and a 200-day moving average of $89.52. The stock has a market cap of $2.93 billion and a P/E ratio of 97.97.
Cimpress NV (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.30. The company had revenue of $479.20 million for the quarter, compared to analyst estimates of $465.46 million. Cimpress NV’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Equities research analysts anticipate that Cimpress NV will post $2.95 EPS for the current year.
In related news, insider Katryn Blake sold 703 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $90.66, for a total transaction of $63,733.98. Following the completion of the transaction, the insider now directly owns 16,099 shares in the company, valued at approximately $1,459,535.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Robert S. Keane sold 31,805 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $100.16, for a total transaction of $3,185,588.80. The disclosure for this sale can be found here.
A number of institutional investors recently added to or reduced their stakes in the company. Janus Capital Management boosted its position in 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 in the last quarter. UBS Oconnor LLC raised its stake in Cimpress NV by 7.7% in the fourth quarter. UBS Oconnor LLC now owns 785,053 shares of the company’s stock worth $63,699,000 after buying an additional 55,802 shares during the last quarter. Wells Fargo & Company MN raised its stake in Cimpress NV by 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 93,969 shares of the company’s stock worth $7,625,000 after buying an additional 24,690 shares during the last quarter. Rhumbline Advisers raised its stake in 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. Finally, New York State Common Retirement Fund raised its stake in 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.
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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