Cimpress (NASDAQ:CMPR) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Cimpress plc (NASDAQ:CMPR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $69.99 and traded as high as $73.31. Cimpress shares last traded at $72.75, with a volume of 90,839 shares trading hands.

Wall Street Analyst Weigh In

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

Cimpress Trading Up 1.4%

The stock’s 50-day moving average price is $73.72 and its two-hundred day moving average price is $70.13. The stock has a market capitalization of $1.80 billion, a P/E ratio of 82.27 and a beta of 1.71.

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

Institutional Investors Weigh In On Cimpress

Several large investors have recently added to or reduced their stakes in CMPR. Amundi lifted its holdings in Cimpress by 73.5% during the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 3,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after purchasing an additional 282 shares in the last quarter. Legal & General Group Plc raised its position in shares of Cimpress by 4.2% in the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock valued at $869,000 after purchasing an additional 751 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Cimpress during the 2nd quarter valued at approximately $211,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Cimpress during the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.