Cimpress (NASDAQ:CMPR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Cimpress plc (NASDAQ:CMPR) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $60.45 and traded as high as $69.51. Cimpress shares last traded at $69.00, with a volume of 93,423 shares changing hands.

Analyst Upgrades and Downgrades

CMPR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 22nd. Truist Financial raised their price target on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Barrington Research raised their target price on Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Finally, Citigroup reiterated an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Cimpress Price Performance

The stock’s 50 day moving average is $69.06 and its two-hundred day moving average is $60.45. The stock has a market capitalization of $1.70 billion, a PE ratio of 52.67 and a beta of 1.72.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.30 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 during the quarter, compared to analysts’ expectations of $839.42 million. On average, equities analysts predict that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling at Cimpress

In related news, EVP Maarten Wensveen sold 22,830 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the completion of the sale, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This represents a 52.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean Edward Quinn purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $62.79 per share, with a total value of $251,160.00. Following the purchase, the executive vice president owned 36,484 shares in the company, valued at $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently bought and sold shares of CMPR. Rubric Capital Management LP raised its position in Cimpress by 110.3% during 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 acquiring an additional 619,360 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Cimpress by 66.8% in the third 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. AQR Capital Management LLC increased its stake in shares of 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 purchasing an additional 139,482 shares in the last quarter. Millennium Management LLC raised its position in shares of 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 purchasing an additional 117,307 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Cimpress in the 2nd quarter valued at approximately $3,183,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.