Cimpress (NASDAQ:CMPR) Reaches New 12-Month Low – Here’s What Happened

Shares of Cimpress plc (NASDAQ:CMPR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $57.74 and last traded at $57.92, with a volume of 231944 shares. The stock had previously closed at $60.56.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial reduced their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barrington Research reiterated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st.

Cimpress Stock Down 4.4 %

The company has a fifty day simple moving average of $74.41 and a 200-day simple moving average of $80.60. The firm has a market cap of $1.46 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.63 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last announced 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 net margin of 4.75% and a negative return on equity of 27.27%. As a group, research analysts forecast that Cimpress plc will post 3.94 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Cimpress during the 3rd quarter worth about $29,000. CWM LLC boosted its stake in shares of Cimpress by 51.4% during the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 427 shares during the period. Quarry LP bought a new stake in Cimpress during the 3rd quarter valued at about $111,000. Point72 Asset Management L.P. purchased a new position in shares of Cimpress during the third quarter worth approximately $115,000. Finally, Meeder Asset Management Inc. purchased a new position in Cimpress during the 3rd quarter worth $130,000. 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.