Cimpress (NASDAQ:CMPR) Stock Price Up 5.1% – What’s Next?

Cimpress plc (NASDAQ:CMPR)’s stock price rose 5.1% during mid-day trading on Thursday . The company traded as high as $44.72 and last traded at $44.58. Approximately 68,012 shares changed hands during trading, a decline of 57% from the average daily volume of 159,687 shares. The stock had previously closed at $42.41.

Analyst Ratings Changes

CMPR has been the subject of several recent research reports. Barrington Research reiterated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Finally, Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st.

Cimpress Stock Performance

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.50 and a beta of 2.22. The business has a fifty day moving average price of $53.44 and a 200 day moving average price of $69.57.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, equities analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its holdings in Cimpress by 103.6% in the fourth quarter. Mackenzie Financial Corp now owns 20,460 shares of the business services provider’s stock valued at $1,467,000 after acquiring an additional 10,411 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cimpress by 15.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,424 shares of the business services provider’s stock worth $2,182,000 after acquiring an additional 4,004 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Cimpress by 74.9% in the fourth quarter. Squarepoint Ops LLC now owns 21,040 shares of the business services provider’s stock worth $1,509,000 after purchasing an additional 9,012 shares during the period. State of Wyoming raised its stake in Cimpress by 32.3% during the 4th quarter. State of Wyoming now owns 4,803 shares of the business services provider’s stock worth $344,000 after buying an additional 1,173 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Cimpress by 47.3% in the 4th quarter. ProShare Advisors LLC now owns 4,810 shares of the business services provider’s stock worth $345,000 after acquiring an additional 1,544 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.