Analysts Set Cimpress plc (NASDAQ:CMPR) Target Price at $111.50

Cimpress plc (NASDAQ:CMPR) has earned a consensus rating of “Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $111.50.

CMPR has been the subject of several research reports. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Truist Financial set a $110.00 price objective on Cimpress in a report on Friday, May 1st. Wall Street Zen lowered Cimpress from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Barrington Research increased their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th.

Insiders Place Their Bets

In other news, EVP Sean Edward Quinn sold 22,980 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maarten Wensveen sold 19,251 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,240 shares of company stock valued at $4,715,549 over the last ninety days. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV purchased a new stake in shares of Cimpress in the first quarter worth $30,000. Allworth Financial LP raised its position in Cimpress by 250.0% during the third 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 in the last quarter. Headlands Technologies LLC raised its position in Cimpress by 32.3% during the second 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Cimpress during the second quarter valued at about $51,000. Finally, Quarry LP purchased a new stake in Cimpress during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Down 1.3%

CMPR stock opened at $93.28 on Thursday. The firm has a market cap of $2.26 billion, a PE ratio of 52.40 and a beta of 1.80. The business has a 50 day moving average of $87.35 and a 200-day moving average of $77.99. Cimpress has a 12-month low of $42.05 and a 12-month high of $106.13.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The company had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. On average, research analysts expect that Cimpress will post 3.81 earnings per share for the current year.

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.