Cimpress (NASDAQ:CMPR – Get Free Report) had its price objective increased by Truist Financial from $90.00 to $110.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential upside of 19.25% from the company’s current price.
A number of other analysts have also commented on CMPR. Barrington Research lifted their price target on Cimpress from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th.
Get Our Latest Stock Report on CMPR
Cimpress Stock Up 0.8 %
CMPR stock traded up $0.71 during trading on Friday, reaching $92.24. The stock had a trading volume of 148,740 shares, compared to its average volume of 111,324. Cimpress has a one year low of $30.17 and a one year high of $99.00. The company’s 50 day moving average is $76.26 and its two-hundred day moving average is $69.77. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 60.66, a P/E/G ratio of 0.95 and a beta of 1.93.
Insider Buying and Selling
In other Cimpress news, EVP Maarten Wensveen sold 13,727 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $66.14, for a total transaction of $907,903.78. Following the transaction, the executive vice president now directly owns 8,767 shares in the company, valued at $579,849.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Sean Edward Quinn sold 1,187 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $72.12, for a total transaction of $85,606.44. Following the completion of the transaction, the chief financial officer now directly owns 6,959 shares in the company, valued at $501,883.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 13,727 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $66.14, for a total value of $907,903.78. Following the transaction, the executive vice president now owns 8,767 shares of the company’s stock, valued at $579,849.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,873 shares of company stock worth $1,619,820. Insiders own 17.90% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Cimpress by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,938 shares of the business services provider’s stock valued at $413,000 after buying an additional 164 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Cimpress by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,926 shares of the business services provider’s stock valued at $115,000 after buying an additional 179 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cimpress by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 15,900 shares of the business services provider’s stock valued at $1,113,000 after buying an additional 286 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Cimpress by 10.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,168 shares of the business services provider’s stock valued at $201,000 after buying an additional 290 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Cimpress by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 4,382 shares of the business services provider’s stock valued at $307,000 after buying an additional 314 shares in the last quarter. 76.41% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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