Cimpress (NASDAQ:CMPR) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Cimpress shares rose above their 50-day moving average, reaching $82.81 and last trading at $82.00, compared with the $81.88 average.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $114.50 price target, despite some recent downgrades and Truist lowering its target to $108.
• The company missed quarterly earnings expectations, reporting $0.97 per share versus the $1.22 consensus estimate, while revenue of $944.96 million was nearly in line with forecasts.

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $81.88 and traded as high as $82.81. Cimpress shares last traded at $82.00, with a volume of 226,571 shares traded.

Analysts Set New Price Targets

Several research firms recently issued reports on CMPR. Truist Financial lowered their price objective on Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Zacks Research cut Cimpress from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Weiss Ratings upgraded Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Cimpress from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Barrington Research set a $121.00 price objective on Cimpress in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

Cimpress Price Performance

The company has a market cap of $2.00 billion, a price-to-earnings ratio of 21.75 and a beta of 1.82. The firm has a 50 day simple moving average of $81.88 and a 200-day simple moving average of $84.42.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). The business had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. Research analysts anticipate that Cimpress plc will post 4.38 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the transaction, the chief executive officer owned 764,000 shares of the company's stock, valued at $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 34,500 shares of company stock valued at $3,001,585. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently made changes to their positions in CMPR. Janus Henderson Group PLC increased its holdings in Cimpress by 2.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider's stock valued at $271,063,000 after purchasing an additional 92,764 shares during the last quarter. Rubric Capital Management LP boosted its position in shares of Cimpress by 6.8% during the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider's stock worth $118,948,000 after buying an additional 104,419 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Cimpress during the second quarter worth $50,829,000. Wasatch Advisors LP acquired a new stake in shares of Cimpress in the second quarter valued at $47,545,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cimpress by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider's stock valued at $32,627,000 after buying an additional 18,262 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress plc NASDAQ: CMPR is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.

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