Cimpress (NASDAQ:CMPR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Cimpress plc (NASDAQ:CMPR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $79.67 and traded as high as $92.91. Cimpress shares last traded at $89.70, with a volume of 120,745 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMPR. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Barrington Research raised their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Truist Financial set a $110.00 price target on shares of Cimpress in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $111.50.

Cimpress Trading Down 0.6%

The business has a 50 day simple moving average of $90.61 and a two-hundred day simple moving average of $79.67. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 50.39 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. The company had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. Research analysts anticipate that Cimpress plc will post 3.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cimpress news, EVP Sean Edward Quinn sold 5,009 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the completion of the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at $3,015,814.14. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president directly owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. This represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 47,240 shares of company stock valued at $4,715,549. Insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several large investors have recently modified their holdings of CMPR. KBC Group NV acquired a new position in Cimpress in the first quarter worth about $30,000. Allworth Financial LP lifted its holdings in Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cimpress in the 2nd quarter worth approximately $51,000. Finally, Quarry LP acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $55,000. 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.