16,007 Shares in Cimpress plc $CMPR Acquired by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP bought a new position in shares of Cimpress plc (NASDAQ:CMPR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,007 shares of the business services provider’s stock, valued at approximately $1,066,000. Wakefield Asset Management LLLP owned 0.07% of Cimpress at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Cimpress during the 3rd quarter worth approximately $27,000. Allworth Financial LP boosted its position in Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares during the period. Headlands Technologies LLC boosted its position in Cimpress by 32.3% during the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cimpress in the 2nd quarter worth approximately $51,000. Finally, Quarry LP acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $55,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $94.20 on Friday. Cimpress plc has a 52-week low of $41.88 and a 52-week high of $96.00. The company’s 50 day moving average price is $78.58 and its 200-day moving average price is $74.25. The company has a market capitalization of $2.28 billion, a P/E ratio of 52.92 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The company had revenue of $886.21 million for the quarter, compared to the consensus estimate of $858.80 million. Analysts forecast that Cimpress plc will post 3.62 earnings per share for the current year.

Insider Activity

In related news, EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. The trade was a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMPR shares. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barrington Research boosted their price target on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Finally, Truist Financial set a $110.00 price target on shares of Cimpress in a research report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.