Cimpress (NASDAQ:CMPR) Stock Price Up 6.5% on Insider Buying Activity

Cimpress plc (NASDAQ:CMPRGet Free Report)’s share price shot up 6.5% during trading on Monday following insider buying activity. The company traded as high as $44.66 and last traded at $44.61. 42,823 shares were traded during mid-day trading, a decline of 73% from the average session volume of 156,957 shares. The stock had previously closed at $41.88.

Specifically, CFO Sean Edward Quinn bought 5,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMPR shares. Truist Financial reduced their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barrington Research reiterated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th.

Get Our Latest Report on CMPR

Cimpress Trading Up 6.5 %

The firm’s fifty day moving average price is $58.85 and its 200-day moving average price is $72.79. The company has a market cap of $1.12 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPRGet Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of large investors have recently added to or reduced their stakes in CMPR. ArrowMark Colorado Holdings LLC increased its position in Cimpress by 30.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock worth $63,406,000 after acquiring an additional 203,806 shares during the period. Janus Henderson Group PLC boosted its position in Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after buying an additional 194,034 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Cimpress by 31.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after purchasing an additional 141,942 shares during the period. Millennium Management LLC lifted its position in shares of Cimpress by 331.9% in the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock worth $7,952,000 after purchasing an additional 85,201 shares during the period. Finally, Norges Bank acquired a new position in shares of Cimpress in the 4th quarter worth approximately $3,544,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

About Cimpress

(Get Free Report)

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.

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