Institute for Wealth Management LLC. Acquires New Shares in Cimpress plc (NASDAQ:CMPR)

Institute for Wealth Management LLC. acquired a new position in Cimpress plc (NASDAQ:CMPR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,067 shares of the business services provider's stock, valued at approximately $410,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Mayfair Advisory Group LLC raised its holdings in Cimpress by 70.3% in the first quarter. Mayfair Advisory Group LLC now owns 4,839 shares of the business services provider's stock worth $219,000 after purchasing an additional 1,998 shares in the last quarter. SG Americas Securities LLC raised its holdings in Cimpress by 87.4% in the first quarter. SG Americas Securities LLC now owns 14,705 shares of the business services provider's stock worth $665,000 after purchasing an additional 6,858 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Cimpress by 380.6% during the first quarter. Pallas Capital Advisors LLC now owns 17,644 shares of the business services provider's stock valued at $798,000 after acquiring an additional 13,973 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cimpress by 13,468.8% during the first quarter. GAMMA Investing LLC now owns 14,790 shares of the business services provider's stock valued at $669,000 after acquiring an additional 14,681 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Cimpress by 103.6% during the fourth quarter. Mackenzie Financial Corp now owns 20,460 shares of the business services provider's stock valued at $1,467,000 after acquiring an additional 10,411 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Cimpress Stock Up 1.8%

Shares of NASDAQ:CMPR traded up $0.76 on Monday, hitting $43.67. 268,086 shares of the company traded hands, compared to its average volume of 183,097. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92. The company has a market cap of $1.09 billion, a PE ratio of 7.45 and a beta of 1.76. The stock has a 50 day simple moving average of $43.30 and a 200-day simple moving average of $53.37.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.61% and a negative return on equity of 27.85%. The business had revenue of $789.47 million for the quarter, compared to analysts' expectations of $798.02 million. As a group, sell-side analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.