Cimpress (NASDAQ:CMPR) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Cimpress plc (NASDAQ:CMPR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.88 and traded as high as $75.98. Cimpress shares last traded at $74.43, with a volume of 168,220 shares traded.

Analysts Set New Price Targets

CMPR has been the subject of several recent analyst reports. Barrington Research boosted their target price on Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a report on Monday. Citigroup reiterated an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Truist Financial boosted their target price on shares of Cimpress from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

Cimpress Stock Up 0.3%

The firm has a 50 day moving average price of $67.90 and a 200 day moving average price of $58.88. The stock has a market cap of $1.84 billion, a PE ratio of 56.82 and a beta of 1.72.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Cimpress had a net margin of 1.02% and a negative return on equity of 6.21%. The company had revenue of $863.28 million for the quarter, compared to analysts’ expectations of $839.42 million. Equities analysts forecast that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In other Cimpress news, EVP Maarten Wensveen sold 22,830 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 20,587 shares in the company, valued at $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Edward Quinn bought 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 transaction, the executive vice president directly owned 36,484 shares in the company, valued at approximately $2,290,830.36. This represents a 12.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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. Rubric Capital Management LP grew its holdings in Cimpress by 110.3% in 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 purchasing an additional 619,360 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of 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 valued at $79,307,000 after purchasing an additional 503,849 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Cimpress in the 1st quarter worth $6,662,000. AQR Capital Management LLC grew its stake 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 buying an additional 139,482 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Cimpress by 1,215.4% during the 3rd quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock worth $8,003,000 after buying an additional 117,307 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.