Deutsche Bank AG Acquires 4,804 Shares of Cimpress plc (NASDAQ:CMPR)

Deutsche Bank AG increased its holdings in Cimpress plc (NASDAQ:CMPR) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,550 shares of the business services provider’s stock after purchasing an additional 4,804 shares during the period. Deutsche Bank AG owned 0.06% of Cimpress worth $1,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc purchased a new position in shares of Cimpress in the fourth quarter worth $144,000. Ameriprise Financial Inc. bought a new stake in Cimpress in the 4th quarter valued at $228,000. Prudential Financial Inc. increased its holdings in Cimpress by 36.4% in the 4th quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 990 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Cimpress in the 4th quarter worth $287,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Cimpress by 9.0% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider’s stock worth $295,000 after purchasing an additional 341 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMPR has been the subject of several research reports. Barrington Research lowered their price objective on shares of Cimpress from $95.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Truist Financial lowered their price target on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Insider Transactions at Cimpress

In other news, CFO Sean Edward Quinn acquired 5,000 shares of the business’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 acquisition, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. This represents a 32.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Cimpress Stock Performance

NASDAQ:CMPR opened at $42.23 on Monday. The company’s 50-day simple moving average is $43.09 and its 200-day simple moving average is $58.65. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $104.92. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.50 and a beta of 1.82.

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

Cimpress Company 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.