Cimpress (NASDAQ:CMPR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $58.88 and traded as high as $75.98. Cimpress shares last traded at $74.43, with a volume of 168,220 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research report on Monday. Citigroup reissued an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Barrington Research raised their target price on Cimpress from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Truist Financial lifted their price target on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen raised Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cimpress has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Cimpress Trading Up 0.3%

The firm has a 50-day simple moving average of $67.90 and a two-hundred day simple moving average of $58.88. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 56.82 and a beta of 1.72.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm 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%. Equities research analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Insider Buying and Selling

In other news, EVP Sean Edward Quinn bought 4,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $62.79 per share, with a total value of $251,160.00. Following the acquisition, the executive vice president directly owned 36,484 shares in the company, valued at $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maarten Wensveen sold 22,830 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds have recently modified their holdings of the company. Rubric Capital Management LP grew its position in shares of Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after acquiring an additional 619,360 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Cimpress by 66.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares during the period. Nuveen LLC purchased a new position in Cimpress during the first quarter worth approximately $6,662,000. AQR Capital Management LLC grew its holdings in Cimpress by 89.0% in the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after purchasing an additional 139,482 shares during the period. Finally, Millennium Management LLC grew its holdings in Cimpress by 1,215.4% in the third quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock valued at $8,003,000 after purchasing an additional 117,307 shares during the period. 77.64% of the stock is owned by hedge funds and other 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.