Cimpress (NASDAQ:CMPR) Reaches New 1-Year High – Should You Buy?

Cimpress plc (NASDAQ:CMPR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $80.21 and last traded at $79.73, with a volume of 112234 shares traded. The stock had previously closed at $77.32.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMPR. Truist Financial upped their target price on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Barrington Research lifted their target price on Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Finally, Citigroup reissued an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Cimpress currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Stock Performance

The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 60.86 and a beta of 1.73. The business has a fifty day simple moving average of $70.05 and a 200-day simple moving average of $62.58.

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

Insider Buying and Selling

In other Cimpress news, EVP Sean Edward Quinn purchased 4,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $62.79 per share, for a total transaction of $251,160.00. Following the transaction, the executive vice president owned 36,484 shares in the company, valued at $2,290,830.36. The trade was a 12.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maarten Wensveen sold 22,830 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. The trade was a 52.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new position in shares of Cimpress during the fourth quarter worth about $1,968,000. Pallas Capital Advisors LLC increased its position in Cimpress by 12.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 38,699 shares of the business services provider’s stock valued at $2,577,000 after purchasing an additional 4,416 shares during the period. SG Americas Securities LLC raised its holdings in Cimpress by 174.9% during the 4th quarter. SG Americas Securities LLC now owns 42,668 shares of the business services provider’s stock worth $2,841,000 after purchasing an additional 27,146 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Cimpress by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,483 shares of the business services provider’s stock worth $827,000 after purchasing an additional 324 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,989 shares of the business services provider’s stock valued at $2,395,000 after purchasing an additional 16,624 shares during the last quarter. Institutional investors and hedge funds 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.