Cimpress (NASDAQ:CMPR) Stock Price Up 6.5% After Insider Buying Activity

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s stock price shot up 6.5% on Monday after an insider bought additional shares in the company. The company traded as high as $44.66 and last traded at $44.61. 42,823 shares changed hands during trading, a decline of 73% from the average session volume of 156,957 shares. The stock had previously closed at $41.88.

Specifically, CFO Sean Edward Quinn purchased 5,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barrington Research reissued an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Truist Financial lowered their price target on Cimpress from $110.00 to $87.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th.

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Cimpress Trading Down 1.9 %

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.50 and a beta of 2.22. The firm has a 50-day moving average price of $56.80 and a 200-day moving average price of $71.65.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities research analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cimpress by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider's stock worth $287,000 after acquiring an additional 169 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Cimpress by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider's stock worth $3,120,000 after purchasing an additional 200 shares during the period. JPMorgan Chase & Co. grew its position in Cimpress by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock valued at $1,797,000 after purchasing an additional 215 shares in the last quarter. Rhumbline Advisers increased its stake in Cimpress by 0.9% in the 4th quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock valued at $1,820,000 after buying an additional 232 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cimpress by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock worth $696,000 after buying an additional 267 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Cimpress Company Profile

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.