Cimpress (NASDAQ:CMPR) Shares Up 7.6% - Here's What Happened

Key Points

• Cimpress' share price increased by 7.6% during mid-day trading, reaching $61.97, although trading volume declined by 44% from the average.
• Several analysts have differing outlooks, with Barrington Research increasing their price target to $70 while Wall Street Zen downgraded their rating from "buy" to "hold"; the consensus rating remains a "Buy" with an average price target of $72.
• The company reported a quarterly EPS of ($1.02), missing estimates by $1.99, but exceeded revenue expectations with $869.48 million against an estimate of $844.24 million.

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s share price rose 7.6% on Tuesday . The stock traded as high as $61.42 and last traded at $61.97. Approximately 131,151 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 235,579 shares. The stock had previously closed at $57.59.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Cimpress from $74.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday. Barrington Research upped their target price on Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Cimpress has an average rating of "Buy" and a consensus price target of $74.00.

Cimpress Trading Down 0.9%

The business's 50 day moving average price is $56.54 and its two-hundred day moving average price is $48.43. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 122.18 and a beta of 1.79.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.99). Cimpress had a net margin of 0.44% and a negative return on equity of 2.64%. The company had revenue of $869.48 million during the quarter, compared to the consensus estimate of $844.24 million. Cimpress has set its FY 2026 guidance at EPS. Analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Cimpress by 341.6% during the first quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after acquiring an additional 468 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Cimpress in the first quarter valued at $32,000. Headlands Technologies LLC acquired a new position in Cimpress during the 1st quarter worth about $34,000. Raymond James Financial Inc. acquired a new position in Cimpress during the 2nd quarter worth about $51,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Cimpress by 115.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the business services provider's stock valued at $87,000 after buying an additional 991 shares during the period. Institutional investors own 77.64% of the company's stock.

About Cimpress

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.