Point72 Asia Singapore Pte. Ltd. Invests $284,000 in Cimpress plc (NASDAQ:CMPR)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cimpress plc (NASDAQ:CMPR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,472 shares of the business services provider’s stock, valued at approximately $284,000.

Several other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Cimpress by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,039 shares of the business services provider’s stock valued at $1,066,000 after acquiring an additional 648 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Cimpress by 31.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,367 shares of the business services provider’s stock valued at $996,000 after purchasing an additional 2,725 shares during the period. CWM LLC increased its stake in Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after buying an additional 519 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Cimpress by 135.6% during the second quarter. Contravisory Investment Management Inc. now owns 5,271 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 3,034 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in shares of Cimpress by 40.7% in the second quarter. Pallas Capital Advisors LLC now owns 11,616 shares of the business services provider’s stock valued at $1,094,000 after acquiring an additional 3,360 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Cimpress Stock Performance

Shares of CMPR opened at $80.29 on Wednesday. The stock has a market capitalization of $2.02 billion, a PE ratio of 13.75, a P/E/G ratio of 0.72 and a beta of 2.08. The company’s fifty day moving average is $79.33 and its 200 day moving average is $84.72. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, research analysts forecast that Cimpress plc will post 4.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barrington Research lifted 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 report on Friday, November 1st. Finally, StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

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.