Cimpress (NASDAQ:CMPR) Shares Up 5.8%

Cimpress plc (NASDAQ:CMPR – Get Rating)’s share price shot up 5.8% during mid-day trading on Friday . The stock traded as high as $30.22 and last traded at $29.75. 262 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 88,158 shares. The stock had previously closed at $28.11.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMPR. Barrington Research lowered their price objective on shares of Cimpress from $76.00 to $57.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Truist Financial reduced their price target on shares of Cimpress from $115.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, StockNews.com lowered shares of Cimpress from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

Cimpress Stock Performance

The firm has a market cap of $799.23 million, a P/E ratio of -10.84 and a beta of 1.53. The firm’s fifty day moving average price is $27.25 and its 200 day moving average price is $30.06.

Cimpress (NASDAQ:CMPR – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The business services provider reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.08). The company had revenue of $703.42 million for the quarter, compared to analysts’ expectations of $716.78 million. As a group, analysts expect that Cimpress plc will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert S. Keane sold 17,732 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $29.78, for a total transaction of $528,058.96. Following the completion of the transaction, the chief executive officer now owns 69,128 shares in the company, valued at approximately $2,058,631.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert S. Keane sold 17,732 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $29.78, for a total transaction of $528,058.96. Following the completion of the transaction, the chief executive officer now owns 69,128 shares in the company, valued at approximately $2,058,631.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert S. Keane sold 17,734 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $31.03, for a total transaction of $550,286.02. Following the transaction, the chief executive officer now owns 77,994 shares in the company, valued at approximately $2,420,153.82. The disclosure for this sale can be found here. Insiders sold a total of 88,662 shares of company stock worth $2,561,804 in the last 90 days. 18.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Cimpress by 987.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,653 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,501 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Cimpress by 239.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,687 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,896 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Cimpress in the 3rd quarter valued at $77,000. Envestnet Asset Management Inc. boosted its holdings in shares of Cimpress by 10.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,168 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 290 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of Cimpress by 23.0% in the 1st quarter. Beacon Pointe Advisors LLC now owns 4,122 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 770 shares during the last quarter. Institutional investors and hedge funds own 79.14% of the company’s stock.

Cimpress Company Profile

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Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vistaprint, 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.