Cimpress (NASDAQ:CMPR) Sets New 52-Week High at $104.92

Cimpress plc (NASDAQ:CMPR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.92 and last traded at $102.33, with a volume of 16012 shares traded. The stock had previously closed at $91.27.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 6th. Barrington Research reiterated an “outperform” rating and set a $113.00 price objective on shares of Cimpress in a research report on Tuesday, May 28th.

Cimpress Stock Up 8.1 %

The stock has a market cap of $2.51 billion, a PE ratio of 31.84, a P/E/G ratio of 0.80 and a beta of 2.00. The stock has a 50-day moving average of $87.43 and a 200 day moving average of $87.46.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. The business had revenue of $780.59 million during the quarter, compared to analysts’ expectations of $782.65 million. During the same quarter in the prior year, the firm earned ($0.97) EPS. Research analysts forecast that Cimpress plc will post 2.92 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Florian Baumgartner sold 4,034 shares of Cimpress stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.40, for a total value of $348,537.60. Following the sale, the chief executive officer now owns 19,550 shares in the company, valued at $1,689,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 15,514 shares of company stock worth $1,295,536 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently modified their holdings of CMPR. Lazard Asset Management LLC grew its stake in shares of Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after buying an additional 154,785 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Cimpress in the second quarter valued at $12,696,000. Norges Bank acquired a new stake in shares of Cimpress in the fourth quarter valued at $9,433,000. Hennessy Advisors Inc. acquired a new stake in shares of Cimpress in the second quarter valued at $8,034,000. Finally, Vanguard Group Inc. grew its stake in Cimpress by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

About Cimpress

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.