Pallas Capital Advisors LLC Raises Stock Holdings in Cimpress plc $CMPR

Pallas Capital Advisors LLC lifted its holdings in Cimpress plc (NASDAQ:CMPR) by 38.9% in the third quarter, HoldingsChannel reports. The firm owned 34,283 shares of the business services provider’s stock after purchasing an additional 9,607 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Cimpress were worth $2,161,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rubric Capital Management LP purchased a new stake in Cimpress during the second quarter valued at $26,387,000. AQR Capital Management LLC grew its stake in shares of Cimpress by 89.0% in the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after buying an additional 139,482 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Cimpress by 3.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 279,308 shares of the business services provider’s stock worth $13,127,000 after buying an additional 9,597 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Cimpress by 6.7% during the 2nd 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 in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Cimpress by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 215,223 shares of the business services provider’s stock valued at $10,115,000 after buying an additional 13,568 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $74.27 on Tuesday. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $82.43. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 82.52 and a beta of 1.75. The stock has a 50 day moving average price of $74.52 and a 200 day moving average price of $67.44.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barrington Research lifted their price target on Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Truist Financial set a $100.00 target price on Cimpress in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cimpress currently has a consensus rating of “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.