Pallas Capital Advisors LLC Increases Stake in Cimpress plc (NASDAQ:CMPR)

Pallas Capital Advisors LLC boosted its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 380.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,644 shares of the business services provider's stock after purchasing an additional 13,973 shares during the period. Pallas Capital Advisors LLC owned about 0.07% of Cimpress worth $798,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vestcor Inc purchased a new position in shares of Cimpress in the fourth quarter worth $144,000. Ethic Inc. purchased a new position in shares of Cimpress during the fourth quarter worth $214,000. Ameriprise Financial Inc. purchased a new position in shares of Cimpress during the fourth quarter worth $228,000. Prudential Financial Inc. raised its holdings in shares of Cimpress by 36.4% during the fourth quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock worth $266,000 after purchasing an additional 990 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cimpress during the fourth quarter worth $287,000. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Barrington Research dropped their target price on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Cimpress Trading Down 5.1%

CMPR traded down $2.30 during trading hours on Friday, hitting $43.00. 268,561 shares of the company's stock were exchanged, compared to its average volume of 179,356. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $104.92. The firm has a market cap of $1.07 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.50 and a beta of 1.76. The firm has a 50 day moving average of $43.27 and a 200 day moving average of $55.10.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. The company had revenue of $789.47 million during the quarter, compared to analyst estimates of $798.02 million. As a group, research analysts expect that Cimpress plc will post 3.69 EPS for the current fiscal year.

Cimpress 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.