Clearline Capital LP Acquires Shares of 11,702 Cimpress plc $CMPR

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMPR. Squarepoint Ops LLC bought a new stake in shares of Cimpress in the 2nd quarter valued at approximately $1,385,000. SG Americas Securities LLC bought a new stake in Cimpress in the 3rd quarter valued at about $979,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cimpress by 6.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 228,078 shares of the business services provider’s stock valued at $10,720,000 after buying an additional 14,306 shares during the last quarter. Auxano Advisors LLC boosted its position in Cimpress by 27.3% during the 2nd quarter. Auxano Advisors LLC now owns 21,111 shares of the business services provider’s stock worth $992,000 after acquiring an additional 4,531 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Cimpress by 27.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,856 shares of the business services provider’s stock worth $1,544,000 after purchasing an additional 7,018 shares during the period. 77.64% of the stock is owned by institutional investors.

Cimpress Stock Performance

Shares of CMPR stock opened at $71.05 on Friday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 78.95 and a beta of 1.75. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $82.43. The firm has a fifty day moving average of $74.63 and a 200-day moving average of $69.16.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.34. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. On average, sell-side analysts predict that Cimpress plc will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Truist Financial set a $100.00 price objective on shares of Cimpress in a research note on Friday, January 30th. Finally, Barrington Research upped their target price on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Three equities 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

About Cimpress

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.