Advantage Alpha Capital Partners LP Takes Position in Cimpress plc (NASDAQ:CMPR)

Advantage Alpha Capital Partners LP purchased a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,796 shares of the business services provider's stock, valued at approximately $2,932,000. Advantage Alpha Capital Partners LP owned about 0.14% of Cimpress at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMPR. CWM LLC raised its holdings in shares of Cimpress by 166.3% in the second quarter. CWM LLC now owns 831 shares of the business services provider's stock valued at $73,000 after purchasing an additional 519 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Cimpress in the 3rd quarter valued at about $130,000. Legacy Capital Group California Inc. purchased a new stake in Cimpress in the 2nd quarter valued at about $202,000. Optimist Retirement Group LLC bought a new position in shares of Cimpress during the 2nd quarter worth approximately $204,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Cimpress in the 2nd quarter worth approximately $250,000. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMPR has been the subject of several research analyst reports. Barrington Research raised their target price on Cimpress from $113.00 to $119.00 and gave the company an "outperform" rating in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Finally, Truist Financial dropped their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, November 1st.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert S. Keane sold 396 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares of the company's stock, valued at $96,260,876.75. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,799 shares of company stock worth $6,901,076. Corporate insiders own 17.80% of the company's stock.

Cimpress Stock Performance

NASDAQ CMPR traded down $2.40 during trading hours on Tuesday, hitting $81.09. The company had a trading volume of 106,321 shares, compared to its average volume of 152,457. The firm has a 50 day simple moving average of $79.66 and a 200 day simple moving average of $84.92. Cimpress plc has a 52 week low of $58.05 and a 52 week high of $104.92. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.71 and a beta of 2.05.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The firm had revenue of $804.97 million for the quarter, compared to analysts' expectations of $800.51 million. During the same period in the prior year, the firm posted $0.17 EPS. On average, research analysts forecast that Cimpress plc will post 4.27 earnings per share for the current 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.