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

Cimpress plc (NASDAQ:CMPR) reached a new 52-week high on Thursday . The stock traded as high as $106.58 and last traded at $106.0650, with a volume of 34942 shares trading hands. The stock had previously closed at $103.00.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMPR. Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 14th. Barrington Research boosted their target price on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Truist Financial set a $110.00 price target on shares of Cimpress in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $111.50.

Cimpress Price Performance

The stock has a 50 day simple moving average of $95.34 and a 200-day simple moving average of $82.58. The firm has a market cap of $2.49 billion, a PE ratio of 57.78 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.40. The firm had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. As a group, equities analysts predict that Cimpress plc will post 3.81 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sean Edward Quinn sold 22,980 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the sale, the executive vice president owned 28,937 shares of the company’s stock, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the transaction, the executive vice president owned 19,674 shares of the company’s stock, valued at approximately $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 47,240 shares of company stock valued at $4,715,549 over the last ninety days. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Cimpress

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rubric Capital Management LP boosted its holdings in shares of 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 valued at $74,437,000 after acquiring an additional 619,360 shares during the last quarter. Wasatch Advisors LP purchased a new position in shares of Cimpress during the second quarter valued at approximately $47,545,000. Janus Henderson Group PLC raised its holdings in shares of Cimpress by 8.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after purchasing an additional 272,260 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 valued at $13,921,000 after purchasing an additional 139,482 shares during the last quarter. Finally, Smith Thomas W bought a new position in Cimpress during the fourth quarter valued at approximately $8,617,000. 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.