Cimpress plc (NASDAQ:CMPR - Get Free Report)'s stock price was up 5.1% during trading on Thursday . The stock traded as high as $44.72 and last traded at $44.58. Approximately 68,012 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 159,687 shares. The stock had previously closed at $42.41.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CMPR. StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 8th. Truist Financial cut their target price on Cimpress from $110.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Barrington Research restated an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th.
View Our Latest Analysis on CMPR
Cimpress Price Performance
The stock has a market capitalization of $1.14 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22. The business's fifty day moving average price is $53.44 and its two-hundred day moving average price is $69.39.
Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, equities research analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.
Insider Transactions at Cimpress
In related news, CFO Sean Edward Quinn bought 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMPR. ArrowMark Colorado Holdings LLC grew its holdings in shares of Cimpress by 30.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock valued at $63,406,000 after purchasing an additional 203,806 shares during the period. Janus Henderson Group PLC grew its stake in shares of Cimpress by 6.8% in the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock valued at $218,126,000 after buying an additional 194,034 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 31.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock valued at $42,472,000 after buying an additional 141,942 shares during the period. Millennium Management LLC lifted its stake in shares of Cimpress by 331.9% in the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider's stock valued at $7,952,000 after purchasing an additional 85,201 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Cimpress during the 4th quarter worth $3,544,000. Hedge funds and other institutional investors own 77.64% of the company's stock.
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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