Cimpress (NASDAQ:CMPR) Shares Up 4.1%

Shares of Cimpress plc (NASDAQ:CMPR) shot up 4.1% during trading on Thursday . The stock traded as high as $90.50 and last traded at $90.50. 68,634 shares were traded during mid-day trading, a decline of 55% from the average session volume of 150,983 shares. The stock had previously closed at $86.92.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $113.00 target price on shares of Cimpress in a research note on Tuesday, May 28th.

Cimpress Stock Performance

The company’s 50-day simple moving average is $87.94 and its 200 day simple moving average is $88.43. The company has a market cap of $2.27 billion, a PE ratio of 27.91, a PEG ratio of 0.76 and a beta of 2.00.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $3.56. The firm had revenue of $832.61 million during the quarter, compared to analyst estimates of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Analysts forecast that Cimpress plc will post 4.23 EPS for the current year.

Insider Buying and Selling

In other Cimpress news, CEO Florian Baumgartner sold 4,035 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $81.28, for a total value of $327,964.80. Following the sale, the chief executive officer now directly owns 27,619 shares of the company’s stock, valued at approximately $2,244,872.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 12,104 shares of company stock worth $1,005,072 over the last 90 days. 17.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently made changes to their positions in CMPR. Vanguard Group Inc. grew its position in shares of Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after buying an additional 91,543 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Cimpress by 9,821.4% in the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after purchasing an additional 154,785 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Cimpress by 4.4% in the 1st quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock valued at $31,644,000 after purchasing an additional 15,157 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Cimpress during the 1st quarter worth approximately $273,000. Finally, Dimensional Fund Advisors LP increased its position in Cimpress by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock worth $38,905,000 after buying an additional 6,902 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.