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

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

Analyst Ratings Changes

Several analysts have commented on CMPR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Truist Financial set a $110.00 price objective on Cimpress in a report on Friday, May 1st. Barrington Research raised their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.50.

Cimpress Stock Up 5.6%

The firm has a market cap of $2.41 billion, a PE ratio of 55.88 and a beta of 1.79. The firm has a 50-day moving average price of $78.58 and a two-hundred day moving average price of $74.31.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.40. The business 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%. Research analysts forecast that Cimpress plc will post 3.62 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president owned 19,674 shares in the company, valued at approximately $1,828,895.04. This trade represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cimpress

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in Cimpress during the first quarter worth approximately $30,000. First Horizon Corp purchased a new position in Cimpress during the third quarter worth approximately $27,000. Allworth Financial LP lifted its position in Cimpress by 250.0% during the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares in the last quarter. Quarry LP purchased a new position in Cimpress during the third quarter worth approximately $55,000. Finally, Headlands Technologies LLC lifted its position in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Cimpress

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.