Cimpress (NASDAQ:CMPR) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Cimpress plc (NASDAQ:CMPR)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $81.88 and traded as high as $82.81. Cimpress shares last traded at $82.00, with a volume of 226,571 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barrington Research set a $121.00 target price on Cimpress in a report on Tuesday, August 11th. Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Wall Street Zen downgraded Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial dropped their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cimpress has an average rating of “Moderate Buy” and an average target price of $114.50.

Cimpress Stock Up 2.0%

The company has a market cap of $2.00 billion, a price-to-earnings ratio of 21.75 and a beta of 1.82. The business’s fifty day simple moving average is $81.88 and its two-hundred day simple moving average is $84.42.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. Sell-side analysts predict that Cimpress plc will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Keane sold 16,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the completion of the sale, the chief executive officer directly owned 764,000 shares of the company’s stock, valued at $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 34,500 shares of company stock worth $3,001,585. 10.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cimpress

Hedge funds have recently made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Cimpress during the second quarter worth about $50,829,000. Wasatch Advisors LP acquired a new stake in shares of Cimpress during the second quarter worth about $47,545,000. Rubric Capital Management LP lifted its holdings in shares of Cimpress by 6.8% in the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after purchasing an additional 104,419 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Cimpress by 2.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock valued at $271,063,000 after purchasing an additional 92,764 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cimpress by 19.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 329,805 shares of the business services provider’s stock valued at $24,076,000 after purchasing an additional 54,341 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.