Cimpress (NASDAQ:CMPR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.45 and traded as high as $69.51. Cimpress shares last traded at $69.00, with a volume of 93,423 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMPR shares. Barrington Research upped their target price on shares of Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Truist Financial lifted their price target on shares of Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 22nd. Finally, Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Stock Down 0.3%

The stock has a market cap of $1.70 billion, a PE ratio of 52.67 and a beta of 1.72. The company’s fifty day moving average is $69.06 and its 200 day moving average is $60.45.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data 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 company had revenue of $863.28 million for the quarter, compared to analysts’ expectations of $839.42 million. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%. Equities analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Maarten Wensveen sold 22,830 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 20,587 shares of the company’s stock, valued at approximately $1,407,327.32. The trade was a 52.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Edward Quinn acquired 4,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the purchase, the executive vice president directly owned 36,484 shares of the company’s stock, valued at $2,290,830.36. This represents a 12.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

A number of hedge funds have recently added to or reduced their stakes in CMPR. Voya Investment Management LLC increased its stake in Cimpress by 22.6% in the 1st quarter. Voya Investment Management LLC now owns 11,504 shares of the business services provider’s stock valued at $520,000 after buying an additional 2,124 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Cimpress during the 2nd quarter valued at $1,567,000. Ieq Capital LLC acquired a new position in shares of Cimpress in the first quarter worth $722,000. AQR Capital Management LLC increased its stake in shares of Cimpress by 129.6% in the first quarter. AQR Capital Management LLC now owns 156,702 shares of the business services provider’s stock worth $7,088,000 after acquiring an additional 88,466 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Cimpress by 3.6% during the second quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider’s stock worth $13,127,000 after acquiring an additional 9,597 shares in the last quarter. 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.