Cimpress (NASDAQ:CMPR) Sees Unusually-High Trading Volume – Here’s Why

Cimpress plc (NASDAQ:CMPR) shares saw unusually-high trading volume on Tuesday . Approximately 220,207 shares changed hands during trading, an increase of 47% from the previous session’s volume of 149,807 shares.The stock last traded at $81.9910 and had previously closed at $83.33.

Analyst Ratings Changes

CMPR has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Barrington Research upped their price objective on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $110.00 price objective on shares of Cimpress in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cimpress presently has an average rating of “Buy” and an average price target of $111.50.

Cimpress Trading Up 0.8%

The company’s 50-day simple moving average is $89.38 and its 200-day simple moving average is $78.96. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 47.53 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results 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. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The firm had revenue of $886.21 million during the quarter, compared to analysts’ expectations of $858.80 million. On average, equities research analysts expect that Cimpress plc will post 3.81 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn sold 22,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the transaction, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,027,099.57. This represents a 44.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the transaction, the executive vice president owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. This trade represents a 49.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 47,240 shares of company stock valued at $4,715,549. Corporate insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Amundi increased its position in Cimpress by 73.5% in the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 3,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cimpress by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after buying an additional 282 shares during the period. Legal & General Group Plc increased its position in shares of Cimpress by 4.2% during the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock worth $869,000 after buying an additional 751 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Cimpress during the second quarter worth $211,000. Finally, Hsbc Holdings PLC increased its position in shares of Cimpress by 15.3% during the second quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock worth $520,000 after buying an additional 1,492 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.