Cimpress (NASDAQ:CMPR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Cimpress plc (NASDAQ:CMPR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.99 and traded as high as $73.31. Cimpress shares last traded at $72.75, with a volume of 90,839 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Truist Financial set a $100.00 target price on Cimpress in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Barrington Research lifted their price target on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Cimpress Stock Performance

The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 80.83 and a beta of 1.75. The business’s 50 day moving average is $73.91 and its 200 day moving average is $69.99.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.34. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. Research analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC boosted its position in Cimpress by 66.8% during 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 acquiring an additional 503,849 shares during the period. Squarepoint Ops LLC purchased a new position in Cimpress during the 2nd quarter valued at about $1,385,000. SG Americas Securities LLC acquired a new position in shares of Cimpress in the 3rd quarter valued at about $979,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cimpress by 6.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 228,078 shares of the business services provider’s stock valued at $10,720,000 after purchasing an additional 14,306 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in shares of Cimpress by 38.9% in the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider’s stock worth $2,161,000 after purchasing an additional 9,607 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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.