ExodusPoint Capital Management LP Increases Position in Cimpress plc (NASDAQ:CMPR)

ExodusPoint Capital Management LP lifted its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,954 shares of the business services provider's stock after purchasing an additional 9,655 shares during the period. ExodusPoint Capital Management LP owned 0.12% of Cimpress worth $2,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMPR. Public Employees Retirement System of Ohio purchased a new stake in shares of Cimpress in the 3rd quarter worth approximately $29,000. Point72 Asset Management L.P. bought a new position in shares of Cimpress in the third quarter worth approximately $115,000. Vestcor Inc bought a new stake in Cimpress in the 4th quarter valued at $144,000. Mayfair Advisory Group LLC purchased a new stake in shares of Cimpress in the fourth quarter worth about $204,000. Finally, Optimist Retirement Group LLC boosted its position in shares of Cimpress by 15.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider's stock valued at $220,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Cimpress Stock Performance

Shares of NASDAQ CMPR traded up $0.11 during mid-day trading on Monday, reaching $43.88. The company's stock had a trading volume of 12,347 shares, compared to its average volume of 167,612. The stock has a market capitalization of $1.10 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.50 and a beta of 1.94. Cimpress plc has a 1-year low of $39.11 and a 1-year high of $104.92. The stock has a 50-day moving average of $46.94 and a two-hundred day moving average of $66.14.

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Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sean Edward Quinn purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the chief financial officer now directly owns 20,224 shares of the company's stock, valued at $839,296. This represents a 32.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on CMPR shares. Truist Financial cut their price target on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th.

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.