Cimpress (NASDAQ:CMPR) Hits New 1-Year High – Here’s Why

Cimpress plc (NASDAQ:CMPR) shares hit a new 52-week high on Thursday . The company traded as high as $81.68 and last traded at $80.9350, with a volume of 21658 shares changing hands. The stock had previously closed at $80.09.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMPR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup restated an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Finally, Barrington Research lifted their target price on Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cimpress currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Trading Up 0.7%

The stock has a market capitalization of $1.99 billion, a P/E ratio of 61.57 and a beta of 1.73. The company has a 50-day moving average price of $71.56 and a 200 day moving average price of $63.64.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $863.28 million for the quarter, compared to the consensus estimate of $839.42 million. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%. As a group, research analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Activity at Cimpress

In other news, EVP Sean Edward Quinn bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $62.79 per share, with a total value of $251,160.00. Following the completion of the transaction, the executive vice president directly owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. The trade was a 12.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maarten Wensveen sold 22,830 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total value of $1,560,658.80. Following the sale, the executive vice president owned 20,587 shares of the company’s stock, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of large investors have recently bought and sold shares of the company. First Horizon Corp acquired a new position in Cimpress in the 3rd quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in shares of Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 370 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after acquiring an additional 241 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cimpress during the second quarter worth $51,000. Finally, Quarry LP purchased a new position in shares of Cimpress during the third quarter worth $55,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.