Cimpress (NASDAQ:CMPR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $69.12 and traded as high as $71.79. Cimpress shares last traded at $71.05, with a volume of 143,265 shares trading hands.

Analysts Set New Price Targets

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

Cimpress Trading Up 1.6%

The stock has a market capitalization of $1.73 billion, a PE ratio of 78.95 and a beta of 1.75. The stock’s fifty day simple moving average is $74.63 and its 200-day simple moving average is $69.16.

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

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently modified their holdings of the company. Ieq Capital LLC boosted its stake in shares of Cimpress by 0.4% in the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock worth $3,866,000 after buying an additional 220 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Cimpress by 2.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after acquiring an additional 225 shares during the period. Cerity Partners LLC lifted its holdings in Cimpress by 1.3% during the fourth quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock worth $1,230,000 after acquiring an additional 233 shares during the period. Captrust Financial Advisors boosted its position in Cimpress by 4.7% in the fourth quarter. Captrust Financial Advisors now owns 5,263 shares of the business services provider’s stock worth $350,000 after purchasing an additional 237 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.