Cimpress (NASDAQ:CMPR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Cimpress plc (NASDAQ:CMPR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $61.43 and traded as high as $66.62. Cimpress shares last traded at $66.23, with a volume of 222,309 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CMPR shares. Truist Financial increased their target price on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Finally, Barrington Research raised their price target on shares of Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Price Performance

The company has a market cap of $1.63 billion, a PE ratio of 50.56 and a beta of 1.73. The business’s 50 day moving average is $69.10 and its 200-day moving average is $61.43.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $863.28 million for the quarter, compared to analyst estimates of $839.42 million. Cimpress had a net margin of 1.02% and a negative return on equity of 6.21%. As a group, sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other 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 transaction of $1,560,658.80. Following the completion of the transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sean Edward Quinn acquired 4,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the acquisition, the executive vice president owned 36,484 shares in the company, valued at approximately $2,290,830.36. The trade was a 12.31% increase in their position. The SEC filing for this purchase provides additional information. 10.20% of the stock is owned by insiders.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP raised its stake in Cimpress by 110.3% during the 3rd 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 in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Cimpress by 66.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Cimpress by 89.0% during the second 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 lifted its holdings in shares of Cimpress by 1,215.4% in the 3rd quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock valued at $8,003,000 after purchasing an additional 117,307 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Cimpress in the 2nd quarter valued at about $3,183,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

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.