Cimpress (NASDAQ:CMPR) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Cimpress shares moved above their 200-day moving average, trading as high as $73.31 and last at $72.75 versus a 200-day MA of $69.99 on volume of about 90,839 shares.
• Analysts are generally positive with a "Moderate Buy" consensus and an average target of $97.50; three analysts rate the stock Buy and two rate it Hold, with recent price-target raises (e.g., Barrington to $95, Truist $100) and an upgrade to strong-buy from Wall Street Zen.
• Recent quarter beat expectations but profitability is slim: Cimpress reported EPS of $1.95 vs. $1.61 expected and revenue of $1.04B vs. $993.6M, while showing a negative return on equity, a 0.66% net margin and a high P/E of about 80.8.

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.99 and traded as high as $73.31. Cimpress shares last traded at $72.75, with a volume of 90,839 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barrington Research increased their price target 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 cut shares of Cimpress from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Cimpress in a report on Monday, December 29th. Wall Street Zen upgraded shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 1st. Finally, Truist Financial set a $100.00 target price on shares of Cimpress in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cimpress currently has an average rating of "Moderate Buy" and an average target price of $97.50.

Cimpress Trading Up 0.8%

The firm has a 50-day moving average price of $73.91 and a 200-day moving average price of $69.99. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 80.83 and a beta of 1.75.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.34. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. Equities research analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

Several large investors have recently made changes to their positions in the business. Rubric Capital Management LP raised its holdings in shares of Cimpress by 110.3% in the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider's stock worth $74,437,000 after purchasing an additional 619,360 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Cimpress by 66.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider's stock worth $79,307,000 after buying an additional 503,849 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Cimpress by 8.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider's stock worth $241,083,000 after buying an additional 272,260 shares in the last quarter. AQR Capital Management LLC grew its position in Cimpress by 89.0% in the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider's stock worth $13,921,000 after buying an additional 139,482 shares during the last quarter. Finally, Smith Thomas W acquired a new position in Cimpress in the fourth quarter worth approximately $8,617,000. 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.

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.