Cimpress (NASDAQ:CMPR) Sets New 12-Month Low – Should You Sell?

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMPR. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research report on Wednesday, January 29th. Finally, Truist Financial decreased their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, January 31st.

Cimpress Stock Down 2.6 %

The company has a market cap of $1.04 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.50 and a beta of 2.22. The business has a 50-day simple moving average of $55.16 and a two-hundred day simple moving average of $70.20.

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

Insiders Place Their Bets

In other news, CFO Sean Edward Quinn acquired 5,000 shares of Cimpress stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $41.50 per share, with a total value of $207,500.00. Following the purchase, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at $839,296. The trade was a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC lifted its position in shares of Cimpress by 30.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock valued at $63,406,000 after buying an additional 203,806 shares during the last quarter. Janus Henderson Group PLC lifted its position in Cimpress by 6.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after purchasing an additional 194,034 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after buying an additional 141,942 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Cimpress by 331.9% in the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock valued at $7,952,000 after purchasing an additional 85,201 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cimpress during the 4th quarter valued at $3,544,000. 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.