Cimpress (NASDAQ:CMPR) Shares Up 5.1% – Here’s What Happened

Shares of Cimpress plc (NASDAQ:CMPR) shot up 5.1% during trading on Thursday . The company traded as high as $44.72 and last traded at $44.58. 68,012 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 159,687 shares. The stock had previously closed at $42.41.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMPR. Barrington Research reaffirmed an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Finally, Truist Financial decreased their price objective on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st.

Cimpress Stock Up 6.0 %

The firm’s 50-day simple moving average is $54.56 and its 200 day simple moving average is $70.01. The firm has a market cap of $1.13 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. As a group, analysts forecast that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sean Edward Quinn acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Cimpress in the third quarter worth $29,000. Quarry LP purchased a new position in Cimpress in the third quarter worth $111,000. Point72 Asset Management L.P. acquired a new position in Cimpress during the 3rd quarter valued at about $115,000. Vestcor Inc acquired a new position in shares of Cimpress during the fourth quarter valued at about $144,000. Finally, Mayfair Advisory Group LLC purchased a new position in shares of Cimpress in the fourth quarter worth $204,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Company Profile

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.