Cimpress (NASDAQ:CMPR) Sets New 1-Year Low – Time to Sell?

Cimpress plc (NASDAQ:CMPR) shares hit a new 52-week low on Wednesday . The company traded as low as $41.10 and last traded at $41.22, with a volume of 67153 shares traded. The stock had previously closed at $42.36.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMPR. Truist Financial dropped their price target 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. Barrington Research reiterated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th.

Cimpress Price Performance

The company’s 50-day moving average price is $54.02 and its two-hundred day moving average price is $69.84. The company has a market capitalization of $1.14 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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, analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other news, CFO Sean Edward Quinn bought 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 17.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cimpress by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock worth $287,000 after purchasing an additional 169 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Cimpress by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider’s stock worth $3,120,000 after purchasing an additional 200 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after buying an additional 215 shares during the period. Rhumbline Advisers grew its position in Cimpress by 0.9% during the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider’s stock worth $1,820,000 after buying an additional 232 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cimpress by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider’s stock worth $696,000 after acquiring an additional 267 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.