Cimpress (NASDAQ:CMPR) Sets New 12-Month High Following Better-Than-Expected Earnings

Cimpress plc (NASDAQ:CMPRGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The company traded as high as $84.00 and last traded at $82.68, with a volume of 79967 shares. The stock had previously closed at $83.04.

The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.11% and a net margin of 1.24%.The firm had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million.

Key Headlines Impacting Cimpress

Here are the key news stories impacting Cimpress this week:

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Truist Financial set a $100.00 price target on Cimpress in a research report on Friday, January 30th. Barrington Research raised their price objective on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $97.50.

Check Out Our Latest Stock Report on CMPR

Institutional Trading of Cimpress

Several hedge funds have recently bought and sold shares of CMPR. Rubric Capital Management LP increased its stake in Cimpress by 110.3% during the 3rd quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after purchasing an additional 619,360 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after buying an additional 503,849 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cimpress by 8.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock valued at $241,083,000 after buying an additional 272,260 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Cimpress by 89.0% during the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after buying an additional 139,482 shares during the last quarter. Finally, Smith Thomas W acquired a new position in shares of Cimpress during the fourth quarter valued at about $8,617,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Price Performance

The business’s fifty day moving average price is $75.02 and its 200-day moving average price is $72.56. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 49.70 and a beta of 1.71.

Cimpress Company Profile

(Get Free Report)

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.

Further Reading

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