Cimpress (NASDAQ:CMPR) Sets New 12-Month Low – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $51.85 and last traded at $51.64, with a volume of 30742 shares changing hands. The stock had previously closed at $53.85.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial cut 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. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Price Performance

The firm has a market cap of $1.26 billion, a PE ratio of 8.30, a P/E/G ratio of 0.50 and a beta of 2.08. The business’s fifty day moving average is $68.43 and its 200-day moving average is $77.83.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results 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%. Analysts forecast that Cimpress plc will post 3.7 EPS for the current year.

Institutional Trading of Cimpress

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cimpress by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 169 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Cimpress by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider’s stock valued at $3,120,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 215 shares during the period. Rhumbline Advisers increased its stake in shares of Cimpress by 0.9% in 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $696,000 after buying an additional 267 shares during the last quarter. 77.64% of the stock is 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.