Edgestream Partners L.P. Acquires New Holdings in Cimpress plc (NASDAQ:CMPR)

Edgestream Partners L.P. acquired a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,540 shares of the business services provider's stock, valued at approximately $1,381,000. Edgestream Partners L.P. owned 0.12% of Cimpress as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMPR. Ethic Inc. acquired a new position in shares of Cimpress during the fourth quarter valued at $214,000. Cerity Partners LLC purchased a new position in Cimpress during the 1st quarter valued at about $214,000. Mayfair Advisory Group LLC boosted its position in Cimpress by 70.3% during the first quarter. Mayfair Advisory Group LLC now owns 4,839 shares of the business services provider's stock valued at $219,000 after purchasing an additional 1,998 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Cimpress in the fourth quarter worth approximately $228,000. Finally, CWM LLC raised its holdings in Cimpress by 835.5% during the first quarter. CWM LLC now owns 5,323 shares of the business services provider's stock valued at $241,000 after buying an additional 4,754 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several recent research reports. Truist Financial dropped their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 5th. Barrington Research reduced their price objective on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Wall Street Zen cut shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Cimpress Price Performance

CMPR traded up $2.66 during midday trading on Tuesday, reaching $47.31. 239,185 shares of the company's stock traded hands, compared to its average volume of 198,068. The firm has a fifty day moving average of $45.31 and a two-hundred day moving average of $49.50. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.07 and a beta of 1.77. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). Cimpress had a negative return on equity of 27.85% and a net margin of 4.61%. The company had revenue of $789.47 million during the quarter, compared to the consensus estimate of $798.02 million. Sell-side analysts forecast that Cimpress plc will post 3.69 EPS for the current year.

Cimpress Company Profile

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.