Cimpress plc (NASDAQ:CMPR) Shares Acquired by Pallas Capital Advisors LLC

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

Other large investors have also recently made changes to their positions in the company. Vestcor Inc acquired a new stake in shares of Cimpress during the fourth quarter valued at $144,000. Ethic Inc. bought a new stake in Cimpress during the 4th quarter valued at $214,000. Ameriprise Financial Inc. bought a new stake in shares of Cimpress in the 4th quarter worth $228,000. Prudential Financial Inc. grew its holdings in shares of Cimpress by 36.4% in the 4th quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock worth $266,000 after acquiring an additional 990 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Cimpress in the fourth quarter valued at about $287,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Stock Performance

Shares of NASDAQ CMPR traded down $2.30 during midday trading on Friday, hitting $43.00. 268,561 shares of the company traded hands, compared to its average volume of 179,037. The firm has a market cap of $1.07 billion, a P/E ratio of 7.12, a P/E/G ratio of 0.50 and a beta of 1.76. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $104.92. The stock has a 50-day moving average price of $43.27 and a 200 day moving average price of $55.28.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data 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 27.64% and a net margin of 4.75%. The business had revenue of $789.47 million during the quarter, compared to analysts' expectations of $798.02 million. As a group, equities analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMPR. Barrington Research dropped 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. Truist Financial lowered their price target on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research note 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.