Versor Investments LP Buys New Position in Cimpress plc $CMPR

Versor Investments LP purchased a new position in shares of Cimpress plc (NASDAQ:CMPR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,162 shares of the business services provider’s stock, valued at approximately $578,000.

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

Cimpress Price Performance

NASDAQ CMPR opened at $76.41 on Thursday. The business has a 50 day moving average price of $74.33 and a 200 day moving average price of $66.88. The company has a market capitalization of $1.86 billion, a P/E ratio of 84.90 and a beta of 1.75. Cimpress plc has a 1-year low of $35.21 and a 1-year high of $82.43.

Cimpress (NASDAQ:CMPR) last posted its earnings results 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. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. On average, research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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