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

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

Specifically, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the transaction, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. The trade was a 32.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

CMPR has been the topic of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th. Truist Financial dropped their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th.

Cimpress Price Performance

The firm’s 50-day moving average price is $58.31 and its 200-day moving average price is $72.41. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, sell-side analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current year.

Institutional Trading of Cimpress

A number of hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after buying an additional 423 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Cimpress in the third quarter valued at about $130,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Cimpress by 42.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock valued at $8,055,000 after purchasing an additional 29,484 shares during the last quarter. Moran Wealth Management LLC grew its stake in Cimpress by 35.4% during the 3rd quarter. Moran Wealth Management LLC now owns 6,302 shares of the business services provider’s stock valued at $516,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Cimpress during the 3rd quarter worth approximately $477,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.