5,353 Shares in Cimpress plc (NASDAQ:CMPR) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in Cimpress plc (NASDAQ:CMPR) in the 3rd quarter, Holdings Channel reports. The firm acquired 5,353 shares of the business services provider’s stock, valued at approximately $439,000.

Several other hedge funds also recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after buying an additional 519 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cimpress during the third quarter worth $130,000. Legacy Capital Group California Inc. purchased a new position in shares of Cimpress during the second quarter worth $202,000. Optimist Retirement Group LLC purchased a new position in shares of Cimpress during the second quarter worth $204,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Cimpress during the second quarter worth $250,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is owned by insiders.

Cimpress Trading Down 0.2 %

Shares of NASDAQ CMPR opened at $80.30 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 13.80, a PEG ratio of 0.70 and a beta of 2.05. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The business’s fifty day simple moving average is $79.46 and its 200-day simple moving average is $84.81.

Cimpress (NASDAQ:CMPR) last posted its quarterly 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 net margin of 4.69% and a negative return on equity of 27.15%. The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, equities analysts forecast that Cimpress plc will post 4.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMPR. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Truist Financial reduced their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Barrington Research increased their price objective on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th.

About Cimpress

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.