Cimpress (NASDAQ:CMPR) Hits New 52-Week High - Time to Buy?

Key Points

• New 52-week high: Cimpress shares hit a new 52-week high of $95.00 (last trade $94.68) as the stock trades with a market cap of $2.30 billion and a P/E of 53.19.
• Analyst optimism: The consensus rating is a "Buy" with a $102.50 consensus price target after recent upgrades from firms including Barrington, Zacks and Wall Street Zen.
• Earnings beat but thin profitability: The company reported $0.55 EPS vs. $0.15 expected and revenue of $886.21M vs. $858.8M, while net margin remains low at 1.24% and return on equity is negative 8.11%.

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $95.00 and last traded at $94.68, with a volume of 245920 shares trading hands. The stock had previously closed at $93.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMPR shares. Weiss Ratings restated a "hold (c)" rating on shares of Cimpress in a research note on Wednesday, April 29th. Barrington Research upped their price objective on Cimpress from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Monday, February 2nd. Zacks Research upgraded Cimpress from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 3rd. Truist Financial set a $110.00 price objective on Cimpress in a research note on Friday. Finally, Wall Street Zen upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Cimpress presently has a consensus rating of "Buy" and a consensus price target of $102.50.

Cimpress Stock Performance

The company has a market cap of $2.30 billion, a P/E ratio of 53.19 and a beta of 1.79. The firm's fifty day moving average is $75.02 and its two-hundred day moving average is $72.69.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. The company had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.11%. On average, equities research analysts expect that Cimpress plc will post 3.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. First Horizon Corp bought a new position in shares of Cimpress during the 3rd quarter valued at about $27,000. Allworth Financial LP boosted its holdings in shares of Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock valued at $33,000 after purchasing an additional 370 shares during the last quarter. Quarry LP bought a new position in shares of Cimpress during the 3rd quarter valued at about $55,000. Headlands Technologies LLC boosted its holdings in shares of Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider's stock valued at $46,000 after purchasing an additional 241 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Cimpress during the 4th quarter valued at about $66,000. 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.

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