Cimpress (NASDAQ:CMPR) Sets New 12-Month High – Here’s Why

Shares of Cimpress plc (NASDAQ:CMPR) hit a new 52-week high during trading on Thursday . The company traded as high as $81.68 and last traded at $80.9350, with a volume of 21658 shares traded. The stock had previously closed at $80.09.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMPR. Barrington Research lifted their price target on shares of Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Wall Street Zen raised Cimpress from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Citigroup restated an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cimpress presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Cimpress Stock Down 2.2%

The company’s fifty day moving average is $72.07 and its two-hundred day moving average is $63.98. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 60.19 and a beta of 1.73.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Cimpress had a net margin of 1.02% and a negative return on equity of 6.21%. The business had revenue of $863.28 million for the quarter, compared to analyst estimates of $839.42 million. Sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sean Edward Quinn purchased 4,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the purchase, the executive vice president directly owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. This trade represents a 12.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maarten Wensveen sold 22,830 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the sale, the executive vice president owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This represents a 52.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP increased its position in Cimpress by 110.3% during the third quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock worth $74,437,000 after buying an additional 619,360 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in Cimpress by 66.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares during the period. AQR Capital Management LLC grew its position in Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after purchasing an additional 139,482 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Cimpress by 1,215.4% in the third quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock valued at $8,003,000 after buying an additional 117,307 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Cimpress during the second quarter worth about $3,183,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.