Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low – Here’s What Happened

Shares of Cimpress plc (NASDAQ:CMPR) hit a new 52-week low on Thursday . The stock traded as low as $41.24 and last traded at $41.62, with a volume of 83324 shares changing hands. The stock had previously closed at $43.92.

Wall Street Analysts Forecast Growth

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

Cimpress Trading Down 0.2 %

The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.50 and a beta of 2.23. The company’s fifty day moving average is $58.85 and its two-hundred day moving average is $73.16.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data 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 net margin of 4.75% and a negative return on equity of 27.64%. Analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CMPR. Versor Investments LP acquired a new stake in Cimpress in the third quarter valued at approximately $406,000. Victory Capital Management Inc. raised its holdings in shares of Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the 3rd quarter worth $130,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Cimpress by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after purchasing an additional 29,484 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of Cimpress by 35.4% during the third quarter. Moran Wealth Management LLC now owns 6,302 shares of the business services provider’s stock worth $516,000 after purchasing an additional 1,649 shares in the last quarter. Hedge funds and other 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.