Cimpress (NASDAQ:CMPR) Hits New 12-Month Low – What’s Next?

Cimpress plc (NASDAQ:CMPR)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $55.09 and last traded at $55.64, with a volume of 149948 shares. The stock had previously closed at $57.22.

Analyst Ratings Changes

Several research firms have recently issued reports on CMPR. Truist Financial decreased their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research note 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. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Trading Down 2.8 %

The business has a fifty day simple moving average of $72.49 and a two-hundred day simple moving average of $79.65. The stock has a market cap of $1.40 billion, a PE ratio of 9.21, a P/E/G ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, research analysts predict that Cimpress plc will post 3.7 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Cimpress during the 3rd quarter valued at about $29,000. CWM LLC increased its stake in Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after purchasing an additional 427 shares during the period. Quarry LP purchased a new stake in Cimpress in the third quarter worth $111,000. Point72 Asset Management L.P. bought a new stake in shares of Cimpress during the third quarter worth $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter valued at $130,000. 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.