3,542 Shares in Cimpress plc (NASDAQ:CMPR) Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP acquired a new stake in shares of Cimpress plc (NASDAQ:CMPR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,542 shares of the business services provider’s stock, valued at approximately $290,000.

A number of other hedge funds have also recently bought and sold shares of CMPR. Price T Rowe Associates Inc. MD lifted its position in shares of Cimpress by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,039 shares of the business services provider’s stock worth $1,066,000 after buying an additional 648 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Cimpress by 31.5% during the second quarter. Harbor Capital Advisors Inc. now owns 11,367 shares of the business services provider’s stock worth $996,000 after acquiring an additional 2,725 shares during the period. CWM LLC boosted its position in Cimpress by 166.3% in the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after purchasing an additional 519 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in Cimpress by 135.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,271 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 3,034 shares during the period. Finally, Pallas Capital Advisors LLC increased its position in shares of Cimpress by 40.7% during the 2nd quarter. Pallas Capital Advisors LLC now owns 11,616 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 3,360 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cimpress

In other Cimpress news, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares in the company, valued at $96,260,876.75. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

CMPR has been the topic of a number of research analyst reports. Barrington Research boosted their price target on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Truist Financial dropped their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Cimpress Stock Performance

CMPR stock opened at $83.07 on Tuesday. The stock has a fifty day moving average of $79.38 and a 200-day moving average of $84.77. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.70 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The business had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts predict that Cimpress plc will post 4.27 EPS for the current year.

Cimpress 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.