Cimpress (NASDAQ:CMPR) Shares Gap Up – Time to Buy?

Shares of Cimpress plc (NASDAQ:CMPR) gapped up prior to trading on Wednesday. The stock had previously closed at $76.03, but opened at $80.52. Cimpress shares last traded at $80.72, with a volume of 8,616 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMPR shares. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Truist Financial dropped their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings raised shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Barrington Research set a $121.00 target price on shares of Cimpress in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cimpress presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Cimpress Trading Up 1.4%

The company has a market cap of $1.99 billion, a P/E ratio of 21.57 and a beta of 1.82. The company’s fifty day moving average is $82.92 and its 200 day moving average is $88.87.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%. The business had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. Analysts anticipate that Cimpress plc will post 4.38 EPS for the current year.

Insider Activity at Cimpress

In other news, CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $84.88, for a total value of $1,358,080.00. Following the transaction, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 34,500 shares of company stock valued at $3,001,585 in the last quarter. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in Cimpress by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider’s stock worth $271,063,000 after acquiring an additional 92,764 shares during the last quarter. Rubric Capital Management LP lifted its position in Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock valued at $118,948,000 after purchasing an additional 104,419 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Cimpress in the second quarter valued at approximately $50,829,000. Wasatch Advisors LP bought a new stake in Cimpress in the second quarter valued at approximately $47,545,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock valued at $32,627,000 after purchasing an additional 18,262 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.