Cimpress (NASDAQ:CMPR) Sets New 52-Week Low – What’s Next?

Cimpress plc (NASDAQ:CMPR) shares hit a new 52-week low during mid-day trading 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMPR shares. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Truist Financial cut their price objective 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Trading Down 0.7 %

The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.50 and a beta of 2.08. The business has a fifty day simple moving average of $62.75 and a 200 day simple moving average of $75.27.

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

Institutional Trading of Cimpress

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cimpress by 54.5% during the third 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 valued at $2,164,000 after buying an additional 9,324 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of 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 buying an additional 26,727 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after acquiring an additional 13,297 shares during the last quarter. SG Americas Securities LLC boosted its stake in Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after purchasing an additional 4,261 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.