Wolverine Asset Management LLC Takes $1.04 Million Position in 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 purchased a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,938 shares of the business services provider's stock, valued at approximately $1,037,000. Wolverine Asset Management LLC owned 0.09% of Cimpress as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Cimpress by 341.6% during the first quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock worth $27,000 after purchasing an additional 468 shares during the last quarter. Headlands Technologies LLC bought a new position in Cimpress during the first quarter worth about $34,000. Ethic Inc. bought a new position in Cimpress during the fourth quarter worth about $214,000. Cerity Partners LLC bought a new position in Cimpress during the first quarter worth about $214,000. Finally, Mayfair Advisory Group LLC increased its position in Cimpress by 70.3% during the first quarter. Mayfair Advisory Group LLC now owns 4,839 shares of the business services provider's stock worth $219,000 after acquiring an additional 1,998 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barrington Research increased their price objective on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Truist Financial set a $74.00 target price on shares of Cimpress and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Cimpress from a "buy" rating to a "hold" rating in a research report on Sunday.

Cimpress Stock Performance

Cimpress stock opened at $55.36 on Friday. The firm has a 50 day moving average price of $47.59 and a two-hundred day moving average price of $47.58. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 108.55 and a beta of 1.70. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($1.99). The company had revenue of $869.48 million during the quarter, compared to the consensus estimate of $844.24 million. Cimpress had a net margin of 0.44% and a negative return on equity of 2.67%. As a group, equities research analysts predict 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.

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