Cimpress (NASDAQ:CMPR) Sets New 1-Year High – Time to Buy?

Cimpress plc (NASDAQ:CMPR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $96.62 and last traded at $97.2350, with a volume of 20425 shares traded. The stock had previously closed at $94.20.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Truist Financial set a $110.00 target price on Cimpress in a research report on Friday, May 1st. Barrington Research lifted their target price on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Finally, Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.50.

Cimpress Price Performance

The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 55.88 and a beta of 1.79. The business has a 50 day simple moving average of $78.58 and a 200 day simple moving average of $74.31.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.40. The firm had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. On average, equities research analysts predict that Cimpress plc will post 3.62 EPS for the current year.

Insider Activity

In related news, EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the sale, the executive vice president owned 19,674 shares in the company, valued at approximately $1,828,895.04. The trade was a 49.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings in shares of Cimpress by 2.7% in the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock valued at $523,000 after buying an additional 189 shares during the period. Ieq Capital LLC grew its stake in Cimpress by 0.4% during the 4th quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock worth $3,866,000 after purchasing an additional 220 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Cimpress by 2.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock worth $593,000 after purchasing an additional 225 shares in the last quarter. Cerity Partners LLC grew its stake in Cimpress by 1.3% during the 4th quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock worth $1,230,000 after purchasing an additional 233 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Cimpress by 4.7% during the 4th 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 in the last quarter. Hedge funds and other 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.