Cimpress (NASDAQ:CMPR) Sees Large Volume Increase

Shares of Cimpress plc (NASDAQ:CMPRGet Free Report) saw strong trading volume on Thursday . 250,289 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 158,589 shares.The stock last traded at $85.77 and had previously closed at $84.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, May 6th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $113.00 target price on shares of Cimpress in a report on Tuesday, May 7th.

View Our Latest Analysis on CMPR

Cimpress Stock Performance

The company’s 50 day moving average price is $89.31 and its 200-day moving average price is $82.08. The company has a market cap of $2.25 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.94.

Cimpress (NASDAQ:CMPRGet Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.29). The firm had revenue of $780.59 million during the quarter, compared to the consensus estimate of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same quarter in the previous year, the firm earned ($0.97) earnings per share. Equities research analysts expect that Cimpress plc will post 3.01 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Florian Baumgartner sold 3,410 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Maarten Wensveen sold 1,651 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares in the company, valued at $970,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Florian Baumgartner sold 3,410 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total transaction of $289,270.30. Following the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at approximately $2,528,273.32. The disclosure for this sale can be found here. Insiders sold 28,702 shares of company stock worth $2,609,773 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Cimpress during the third quarter valued at $88,000. Contravisory Investment Management Inc. bought a new stake in shares of Cimpress during the 4th quarter valued at about $185,000. Principal Financial Group Inc. purchased a new position in shares of Cimpress during the first quarter worth about $200,000. Crestwood Advisors Group LLC bought a new position in shares of Cimpress in the third quarter worth approximately $210,000. Finally, Olympiad Research LP bought a new position in shares of Cimpress in the fourth quarter worth approximately $212,000. 77.64% of the stock is owned by institutional investors.

Cimpress Company Profile

(Get Free Report)

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.

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