Cimpress (NASDAQ:CMPR) Sets New 52-Week High at $104.92

Cimpress plc (NASDAQ:CMPR)’s stock price reached a new 52-week high on Thursday . The company traded as high as $104.92 and last traded at $102.33, with a volume of 16012 shares trading hands. The stock had previously closed at $91.27.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 6th. Barrington Research reissued an “outperform” rating and set a $113.00 price objective on shares of Cimpress in a research note on Tuesday, May 28th.

Cimpress Stock Up 8.1 %

The company has a market cap of $2.51 billion, a P/E ratio of 31.84, a P/E/G ratio of 0.80 and a beta of 2.00. The business has a fifty day moving average of $87.43 and a 200 day moving average of $87.46.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.29). The firm had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same period in the prior year, the business posted ($0.97) EPS. On average, sell-side analysts anticipate that Cimpress plc will post 2.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Florian Baumgartner sold 4,035 shares of Cimpress stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $81.28, for a total value of $327,964.80. Following the completion of the sale, the chief executive officer now directly owns 27,619 shares in the company, valued at approximately $2,244,872.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 15,514 shares of company stock worth $1,295,536. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

Large investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares during the period. Principal Financial Group Inc. bought a new position in shares of Cimpress during the 1st quarter valued at approximately $200,000. Legacy Capital Group California Inc. bought a new position in shares of Cimpress during the 2nd quarter valued at approximately $202,000. Olympiad Research LP bought a new position in shares of Cimpress during the 4th quarter valued at approximately $212,000. Finally, Advisory Services Network LLC bought a new position in shares of Cimpress during the 4th quarter valued at approximately $216,000. 77.64% of the stock is currently owned by institutional investors.

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.