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

Cimpress plc (NASDAQ:CMPR)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $105.00 and last traded at $104.94, with a volume of 61399 shares. The stock had previously closed at $102.39.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CMPR shares. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Truist Financial set a $110.00 price objective on shares of Cimpress in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Barrington Research upped their target price on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cimpress currently has an average rating of “Moderate Buy” and an average target price of $111.50.

Cimpress Stock Performance

The stock has a 50-day moving average price of $83.91 and a two-hundred day moving average price of $76.48. The stock has a market capitalization of $2.42 billion, a PE ratio of 56.10 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The company had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. As a group, equities analysts predict that Cimpress plc will post 3.81 earnings per share for the current year.

Insider Activity at Cimpress

In other news, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the sale, the executive vice president directly owned 19,674 shares in the company, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in shares of Cimpress during the first quarter valued at approximately $30,000. Allworth Financial LP boosted its position in shares of Cimpress by 250.0% during the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after acquiring an additional 370 shares during the last quarter. Headlands Technologies LLC grew its stake in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 241 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Cimpress during the second quarter valued at $51,000. Finally, Quarry LP bought a new stake in Cimpress in the 3rd quarter valued at $55,000. 77.64% of the stock is currently owned by 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.