Algert Global LLC Sells 5,631 Shares of Cimpress plc (NASDAQ:CMPR)

Algert Global LLC lessened its position in Cimpress plc (NASDAQ:CMPR) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,464 shares of the business services provider’s stock after selling 5,631 shares during the period. Algert Global LLC’s holdings in Cimpress were worth $3,548,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMPR. Vestcor Inc purchased a new stake in shares of Cimpress during the fourth quarter worth about $144,000. Mayfair Advisory Group LLC purchased a new stake in Cimpress in the 4th quarter worth approximately $204,000. Pallas Capital Advisors LLC purchased a new stake in Cimpress in the 4th quarter worth approximately $263,000. Prudential Financial Inc. grew its position 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 buying an additional 990 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cimpress during the fourth quarter valued at approximately $287,000. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $41.50 per share, with a total value of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 17.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Barrington Research reissued an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Stock Down 0.1 %

Shares of CMPR stock opened at $40.07 on Wednesday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.50 and a beta of 1.82. The business’s fifty day moving average is $43.27 and its 200 day moving average is $61.67. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.94). The firm had revenue of $789.47 million for the quarter, compared to the consensus estimate of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Equities research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

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.