Clearline Capital LP Makes New Investment in Cimpress plc $CMPR

Clearline Capital LP purchased a new stake in Cimpress plc (NASDAQ:CMPR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,702 shares of the business services provider’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMPR. First Horizon Corp bought a new stake in shares of Cimpress during the third quarter worth approximately $27,000. Headlands Technologies LLC lifted its position in Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 241 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cimpress in the second quarter worth $51,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Cimpress during the 3rd quarter worth about $80,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Cimpress in the third quarter valued at $83,000. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMPR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Truist Financial set a $100.00 price objective on Cimpress in a research note on Friday, January 30th. Barrington Research lifted their price objective on shares of Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cimpress presently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Cimpress Stock Up 1.6%

Shares of NASDAQ CMPR opened at $71.05 on Friday. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $82.43. The firm has a market capitalization of $1.73 billion, a P/E ratio of 78.95 and a beta of 1.75. The stock’s 50-day simple moving average is $74.63 and its two-hundred day simple moving average is $69.16.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. As a group, research analysts anticipate that Cimpress plc will post 3.69 EPS for the current fiscal year.

Cimpress 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.