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

Cimpress plc (NASDAQ:CMPR) hit a new 52-week low on Tuesday . The stock traded as low as $45.61 and last traded at $46.29, with a volume of 317287 shares changing hands. The stock had previously closed at $48.08.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMPR. Barrington Research reissued an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th. Truist Financial lowered their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th.

Cimpress Trading Down 3.7 %

The business’s fifty day simple moving average is $63.92 and its 200-day simple moving average is $75.79. The firm has a market cap of $1.16 billion, a P/E ratio of 7.66, a PEG ratio of 0.50 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data 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 negative return on equity of 27.64% and a net margin of 4.75%. As a group, research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cimpress

A number of large investors have recently modified their holdings of CMPR. Diamond Hill Capital Management Inc. lifted its stake 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 worth $36,885,000 after purchasing an additional 26,727 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Cimpress in the third quarter worth $406,000. Victory Capital Management Inc. boosted its stake in Cimpress by 14.8% during the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after buying an additional 423 shares during the period. Meeder Asset Management Inc. purchased a new position in Cimpress during the third quarter worth about $130,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Cimpress by 42.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after acquiring an additional 29,484 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

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.