Cimpress (NASDAQ:CMPR) Hits New 52-Week High - Still a Buy?

Key Points

• New 52-week high: Cimpress reached a 52-week high of $84 (last $82.68) and carries an average analyst rating of Buy with a consensus target of $97.50 after several recent upgrades and raised price targets.
• The company beat quarterly expectations with $1.95 EPS (vs. $1.61 est.) on $1.04B revenue, but profitability remains thin (net margin 0.66%, negative ROE) and the stock trades at a high P/E of 91.87.
• Institutional investors and hedge funds hold about 77.64% of the shares, with several firms recently increasing their stakes, indicating notable institutional interest.

Cimpress plc (NASDAQ:CMPR - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $84.00 and last traded at $82.68, with a volume of 79967 shares trading hands. The stock had previously closed at $83.04.

Analyst Ratings Changes

A number of analysts recently weighed in on CMPR shares. Zacks Research raised shares of Cimpress from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 3rd. Truist Financial set a $100.00 target price on shares of Cimpress in a research note on Friday, January 30th. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 1st. Finally, Barrington Research upped their target price on shares of Cimpress from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $97.50.

Cimpress Stock Down 0.4%

The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 91.87 and a beta of 1.71. The stock's 50-day simple moving average is $74.56 and its 200 day simple moving average is $72.39.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. As a group, equities research analysts anticipate that Cimpress plc will post 3.41 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted its position in Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider's stock valued at $79,307,000 after buying an additional 503,849 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cimpress by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 37,989 shares of the business services provider's stock worth $2,395,000 after purchasing an additional 16,624 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Cimpress during the third quarter worth approximately $979,000. Wedge Capital Management L L P NC acquired a new position in shares of Cimpress during the fourth quarter worth approximately $1,968,000. Finally, Pallas Capital Advisors LLC lifted its position in shares of Cimpress by 38.9% during the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider's stock worth $2,161,000 after purchasing an additional 9,607 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.