Cimpress (NASDAQ:CMPR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Cimpress plc (NASDAQ:CMPR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $69.12 and traded as high as $71.79. Cimpress shares last traded at $71.05, with a volume of 143,265 shares trading hands.

Analyst Ratings Changes

CMPR has been the topic of a number of research reports. Truist Financial set a $100.00 target price on shares of Cimpress in a research report on Friday, January 30th. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Barrington Research increased their price objective on Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cimpress has an average rating of “Moderate Buy” and an average target price of $97.50.

Cimpress Stock Performance

The company has a market cap of $1.73 billion, a price-to-earnings ratio of 78.95 and a beta of 1.75. The firm’s 50-day moving average price is $74.63 and its 200 day moving average price is $69.12.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.34. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. As a group, equities research analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Cimpress during the fourth quarter worth $410,000. Mercer Global Advisors Inc. ADV lifted its stake in Cimpress by 10.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,074 shares of the business services provider’s stock valued at $338,000 after buying an additional 500 shares during the period. Mackenzie Financial Corp boosted its holdings in Cimpress by 12.6% during the fourth quarter. Mackenzie Financial Corp now owns 11,274 shares of the business services provider’s stock worth $761,000 after buying an additional 1,265 shares during the last quarter. XTX Topco Ltd boosted its holdings in Cimpress by 149.4% during the fourth quarter. XTX Topco Ltd now owns 9,635 shares of the business services provider’s stock worth $642,000 after buying an additional 5,772 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new position in shares of Cimpress during the 4th quarter worth about $638,000. 77.64% of the stock is currently owned by institutional investors.

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.