Cimpress (NASDAQ:CMPR) Sets New 1-Year High – Here’s Why

Shares of Cimpress plc (NASDAQ:CMPR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $95.00 and last traded at $94.68, with a volume of 245920 shares traded. The stock had previously closed at $93.75.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barrington Research increased their target price on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial set a $110.00 price objective on Cimpress in a report on Friday, May 1st. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cimpress has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Cimpress Trading Down 2.5%

The company has a market capitalization of $2.17 billion, a P/E ratio of 50.29 and a beta of 1.79. The company’s fifty day moving average is $75.80 and its 200 day moving average is $73.05.

Cimpress (NASDAQ:CMPR) last issued 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. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The business had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. Equities research analysts predict that Cimpress plc will post 3.41 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Horizon Corp bought a new stake in shares of Cimpress during the third quarter valued at about $27,000. Allworth Financial LP boosted its position in shares of Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 370 shares during the period. Headlands Technologies LLC grew its stake in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 241 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Cimpress during the second quarter valued at approximately $51,000. Finally, Quarry LP bought a new stake in Cimpress during the 3rd quarter worth approximately $55,000. 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.