Wolverine Asset Management LLC Buys Shares of 22,938 Cimpress plc (NASDAQ:CMPR)

Key Points

• Wolverine Asset Management LLC acquired a new position in Cimpress plc, purchasing 22,938 shares valued at approximately $1.04 million, representing 0.09% ownership.
• Analysts have mixed ratings on Cimpress, with Barrington Research raising its price target to $70.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• Cimpress reported a quarterly loss of ($1.02) earnings per share, significantly missing the consensus estimate of $0.97, despite revenues of $869.48 million exceeding expectations.

Wolverine Asset Management LLC bought a new position in Cimpress plc (NASDAQ:CMPR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,938 shares of the business services provider's stock, valued at approximately $1,037,000. Wolverine Asset Management LLC owned approximately 0.09% of Cimpress as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Cimpress by 20.5% in the fourth quarter. American Century Companies Inc. now owns 6,382 shares of the business services provider's stock valued at $458,000 after acquiring an additional 1,086 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cimpress by 169.9% during the fourth quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider's stock worth $4,246,000 after acquiring an additional 37,272 shares during the period. Alliancebernstein L.P. lifted its holdings in Cimpress by 9.1% during the fourth quarter. Alliancebernstein L.P. now owns 20,390 shares of the business services provider's stock worth $1,462,000 after acquiring an additional 1,700 shares during the period. Wells Fargo & Company MN increased its position in Cimpress by 37.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,850 shares of the business services provider's stock worth $706,000 after buying an additional 2,691 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Cimpress by 19.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 34,184 shares of the business services provider's stock worth $2,452,000 after buying an additional 5,672 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Trading Down 0.8%

CMPR traded down $0.46 during trading on Thursday, hitting $60.14. 56,314 shares of the company's stock traded hands, compared to its average volume of 239,468. The company's 50 day simple moving average is $48.42 and its two-hundred day simple moving average is $47.45. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $102.22. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 117.19 and a beta of 1.70.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). The firm had revenue of $869.48 million during the quarter, compared to analysts' expectations of $844.24 million. Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%. On average, equities analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial set a $74.00 price target on Cimpress and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Barrington Research boosted their target price on Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, August 4th.

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.