Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Cimpress plc (NASDAQ:CMPR)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cimpress plc (NASDAQ:CMPR) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,472 shares of the business services provider’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC boosted its position in Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the 3rd quarter worth $130,000. Legacy Capital Group California Inc. bought a new stake in Cimpress during the second quarter valued at about $202,000. Optimist Retirement Group LLC purchased a new position in Cimpress in the second quarter valued at about $204,000. Finally, Victory Capital Management Inc. bought a new position in Cimpress in the second quarter worth about $250,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

Shares of CMPR opened at $80.29 on Wednesday. The company’s fifty day moving average price is $79.33 and its 200-day moving average price is $84.72. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.72 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $800.51 million. During the same quarter last year, the company posted $0.17 EPS. As a group, research analysts anticipate that Cimpress plc will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barrington Research raised their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Insider Buying and Selling

In related 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 transaction of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at $96,260,876.75. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is currently owned by corporate insiders.

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.