Cimpress (NASDAQ:CMPR) Trading 6.5% Higher After Insider Buying Activity

Cimpress plc (NASDAQ:CMPR)’s stock price traded up 6.5% during mid-day trading on Monday following insider buying activity. The stock traded as high as $44.66 and last traded at $44.61. 42,823 shares traded hands during 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 purchased 5,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the purchase, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. The trade was a 32.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several research firms recently commented on CMPR. Barrington Research reaffirmed an “outperform” rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. Truist Financial decreased their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th.

Cimpress Trading Up 0.0 %

The firm has a market cap of $1.13 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22. The business’s fifty day simple moving average is $57.81 and its 200-day simple moving average is $72.03.

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

Hedge Funds Weigh In On Cimpress

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cimpress by 54.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 9,324 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after purchasing an additional 13,297 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Cimpress by 118.8% during the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $563,000 after buying an additional 4,261 shares during the period. Sequoia Financial Advisors LLC raised its stake in Cimpress by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider’s stock worth $7,178,000 after buying an additional 7,535 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after buying an additional 7,100 shares during the period. 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.