Cimpress NV (CMPR) Sees Unusually-High Trading Volume
Cimpress NV (NASDAQ:CMPR) saw an uptick in trading volume on Thursday . 624,715 shares changed 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.
A number of brokerages have recently issued reports on CMPR. Cantor Fitzgerald reissued a “hold” rating on shares of Cimpress NV in a research note on Saturday, July 9th. Jefferies Group cut their target price on Cimpress NV from $85.00 to $84.00 and set a “hold” rating for the company in a research note on Friday. Axiom Securities dropped their price objective on Cimpress NV from $84.00 to $80.00 and set a “sell” rating for the company in a research note on Friday. Finally, Barrington Research downgraded Cimpress NV from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Cimpress NV presently has an average rating of “Hold” and a consensus target price of $83.67.
The company has a market capitalization of $2.99 billion and a P/E ratio of 57.80. The firm has a 50-day moving average of $94.81 and a 200-day moving average of $89.63.
Cimpress NV (NASDAQ:CMPR) last issued its earnings results on Wednesday, July 27th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.30. The business earned $479.20 million during the quarter, compared to the consensus estimate of $465.46 million. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. On average, analysts forecast that Cimpress NV will post $2.95 EPS for the current fiscal year.
In other Cimpress NV news, insider Scott J. Vassalluzzo acquired 67,500 shares of Cimpress NV stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average cost of $89.05 per share, for a total transaction of $6,010,875.00. Following the completion of the transaction, the insider now owns 44,999 shares in the company, valued at approximately $4,007,160.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Keane sold 29,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $100.18, for a total value of $2,995,382.00. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. Nationwide Fund Advisors increased 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 valued at $1,746,000 after buying an additional 481 shares in the last quarter. Rhumbline Advisers increased 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 valued at $3,200,000 after buying an additional 2,290 shares in the last quarter. New York State Common Retirement Fund increased 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 valued at $3,313,000 after buying an additional 900 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Cimpress NV by 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 93,969 shares of the company’s stock valued at $7,625,000 after buying an additional 24,690 shares in the last quarter. Finally, UBS Oconnor LLC increased its position in shares of Cimpress NV by 7.7% in the fourth quarter. UBS Oconnor LLC now owns 785,053 shares of the company’s stock valued at $63,699,000 after buying an additional 55,802 shares in 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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