Cimpress (NASDAQ:CMPR) Hits New 1-Year Low – What’s Next?

Cimpress plc (NASDAQ:CMPR) hit a new 52-week low during trading on Tuesday . The company traded as low as $51.85 and last traded at $51.64, with a volume of 30742 shares changing hands. The stock had previously closed at $53.85.

Analyst Upgrades and Downgrades

CMPR has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Truist Financial lowered their target price on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st.

Cimpress Stock Performance

The stock has a market cap of $1.26 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.58 and a beta of 2.08. The firm has a 50 day moving average of $69.12 and a two-hundred day moving average of $78.03.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS 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%. On average, sell-side analysts anticipate that Cimpress plc will post 3.7 EPS for the current fiscal year.

Institutional Trading of Cimpress

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cimpress by 54.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock valued at $2,164,000 after buying an additional 9,324 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Cimpress during the third quarter valued at about $7,582,000. Diamond Hill Capital Management Inc. raised its holdings in Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after acquiring an additional 13,297 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after acquiring an additional 4,261 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.