Cimpress (NASDAQ:CMPR) Shares Up 5.1% – Here’s What Happened

Cimpress plc (NASDAQ:CMPR)’s stock price rose 5.1% on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMPR. Barrington Research reaffirmed an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Truist Financial reduced their price objective on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th.

Cimpress Trading Down 0.2 %

The firm has a 50-day moving average price of $53.44 and a 200-day moving average price of $69.57. The stock has a market capitalization of $1.14 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Sell-side analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $41.50 per share, with a total value of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at $839,296. The trade was a 32.84 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently made changes to their positions in CMPR. Victory Capital Management Inc. boosted its stake in Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock worth $268,000 after purchasing an additional 423 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Cimpress in the third quarter worth about $477,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Cimpress in the third quarter valued at approximately $439,000. FMR LLC grew its stake in Cimpress by 26.5% during the third quarter. FMR LLC now owns 78,216 shares of the business services provider’s stock valued at $6,407,000 after acquiring an additional 16,380 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cimpress by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock worth $287,000 after acquiring an additional 169 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Company Profile

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.