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 stock traded as low as $51.85 and last traded at $51.64, with a volume of 30742 shares trading hands. The stock had previously closed at $53.85.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMPR. 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. Truist Financial dropped their target price on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th.

Cimpress Stock Performance

The company has a market cap of $1.26 billion, a PE ratio of 8.33, a PEG ratio of 0.58 and a beta of 2.08. The company has a 50 day simple moving average of $69.12 and a two-hundred day simple moving average of $78.03.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, analysts expect that Cimpress plc will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cimpress by 54.5% during the 3rd 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 approximately $7,582,000. Diamond Hill Capital Management Inc. lifted its stake in Cimpress by 6.3% in the third 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 during the last quarter. Hantz Financial Services Inc. grew its position in Cimpress by 9.1% in the fourth 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 in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Cimpress by 118.8% during the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after purchasing an additional 4,261 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.