Cimpress (NASDAQ:CMPR) Hits New 12-Month High – Should You Buy?

Cimpress plc (NASDAQ:CMPR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $77.11 and last traded at $76.9050, with a volume of 35218 shares changing hands. The stock had previously closed at $73.79.

Wall Street Analyst Weigh In

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

Cimpress Stock Up 6.6%

The company has a market cap of $1.94 billion, a price-to-earnings ratio of 60.07 and a beta of 1.73. The company has a fifty day simple moving average of $69.34 and a two-hundred day simple moving average of $61.93.

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

Insider Activity at Cimpress

In other Cimpress news, EVP Sean Edward Quinn acquired 4,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the purchase, the executive vice president directly owned 36,484 shares in the company, valued at $2,290,830.36. This represents a 12.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maarten Wensveen sold 22,830 shares of the stock in a transaction on Monday, November 3rd. The shares were 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 owned 20,587 shares of the company’s stock, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMPR. Voya Investment Management LLC boosted its stake in Cimpress by 22.6% during the 1st quarter. Voya Investment Management LLC now owns 11,504 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 2,124 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Cimpress in the 2nd quarter valued at about $1,567,000. Squarepoint Ops LLC bought a new position in shares of Cimpress during the second quarter worth about $1,385,000. Hantz Financial Services Inc. grew its stake in Cimpress by 3.6% in the second quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider’s stock worth $13,127,000 after purchasing an additional 9,597 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Cimpress by 6.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 228,078 shares of the business services provider’s stock valued at $10,720,000 after buying an additional 14,306 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.