Cimpress (NASDAQ:CMPR) Stock Price Down 5.9% – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s share price traded down 5.9% during mid-day trading on Wednesday . The stock traded as low as $52.58 and last traded at $52.09. 50,822 shares were traded during trading, a decline of 70% from the average session volume of 171,444 shares. The stock had previously closed at $55.38.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMPR. Truist Financial lowered their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barrington Research restated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Cimpress Stock Performance

The firm has a market capitalization of $1.33 billion, a P/E ratio of 8.76, a PEG ratio of 0.58 and a beta of 2.08. The stock has a 50 day moving average of $71.99 and a 200-day moving average of $79.40.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. As a group, sell-side analysts expect that Cimpress plc will post 3.7 EPS for the current year.

Institutional Trading of Cimpress

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cimpress by 54.5% in 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 worth $2,164,000 after acquiring an additional 9,324 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Cimpress during the third quarter worth about $7,582,000. Diamond Hill Capital Management Inc. increased its position in shares of 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 worth $36,885,000 after purchasing an additional 26,727 shares during the last quarter. Hantz Financial Services Inc. raised its stake 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 valued at $11,403,000 after purchasing an additional 13,297 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Cimpress by 118.8% during the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $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.

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.