JPMorgan Chase & Co. Has $2.40 Million Position in Cimpress plc $CMPR

Key Points

• JPMorgan Chase raised its stake in Cimpress by 77.8% in Q3, owning 37,989 shares worth about $2.40 million, equivalent to roughly 0.15% of the company.
• Wall Street sentiment is mildly positive with a consensus rating of “Moderate Buy” and an average target of $97.50; Cimpress recently topped estimates with quarterly EPS of $1.95 vs. $1.61 and revenue of $1.04 billion.
• Shares trade around $73.87 with a market cap of $1.79 billion, a P/E of 82.08, a 12‑month range of $35.21–$82.43, and roughly 77.6% institutional ownership.

JPMorgan Chase & Co. raised its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 77.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,989 shares of the business services provider's stock after purchasing an additional 16,624 shares during the period. JPMorgan Chase & Co. owned 0.15% of Cimpress worth $2,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Cimpress in the third quarter valued at $27,000. Allworth Financial LP increased its holdings in shares of Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock valued at $33,000 after purchasing an additional 370 shares during the last quarter. Quarry LP acquired a new position in shares of Cimpress in the third quarter valued at $55,000. Headlands Technologies LLC increased its holdings in shares of Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider's stock valued at $46,000 after purchasing an additional 241 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Cimpress in the second quarter valued at $51,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CMPR shares. Zacks Research cut shares of Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 1st. Barrington Research boosted their target price on shares of Cimpress from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Truist Financial set a $100.00 target price on shares of Cimpress in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cimpress presently has a consensus rating of "Moderate Buy" and an average target price of $97.50.

Cimpress Stock Down 0.4%

Shares of Cimpress stock opened at $73.87 on Tuesday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 82.08 and a beta of 1.71. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $82.43. The firm's 50-day moving average price is $73.40 and its two-hundred day moving average price is $70.46.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. On average, sell-side analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

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.

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