Cimpress (NASDAQ:CMPR) Hits New 12-Month High After Earnings Beat

Cimpress plc (NASDAQ:CMPRGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $82.10 and last traded at $80.9940, with a volume of 42081 shares. The stock had previously closed at $77.91.

The business services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.34. Cimpress had a negative return on equity of 4.11% and a net margin of 0.66%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million.

Cimpress News Summary

Here are the key news stories impacting Cimpress this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMPR shares. Barrington Research restated an “outperform” rating and issued a $83.00 price target on shares of Cimpress in a research report on Tuesday. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Truist Financial set a $100.00 price objective on Cimpress in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $91.50.

Read Our Latest Analysis on CMPR

Insider Transactions at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 22,830 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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. This trade represents a 52.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sean Edward Quinn acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $62.79 per share, with a total value of $251,160.00. Following the acquisition, the executive vice president owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. This represents a 12.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Hedge funds have recently bought and sold shares of the business. Amundi increased its stake in Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cimpress by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after buying an additional 282 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Cimpress during the second quarter worth about $454,000. CWM LLC raised its holdings in shares of Cimpress by 222.8% in the 2nd quarter. CWM LLC now owns 17,180 shares of the business services provider’s stock worth $807,000 after acquiring an additional 11,857 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cimpress in the 2nd quarter worth about $879,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Up 1.4%

The firm has a market cap of $1.95 billion, a P/E ratio of 87.88 and a beta of 1.73. The company’s 50-day moving average is $73.27 and its two-hundred day moving average is $65.04.

Cimpress Company Profile

(Get Free Report)

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.

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