Cimpress (NASDAQ:CMPR) Sets New 52-Week Low – Time to Sell?

Cimpress plc (NASDAQ:CMPR)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $40.62 and last traded at $41.80, with a volume of 62689 shares. The stock had previously closed at $43.42.

Analyst Upgrades and Downgrades

CMPR has been the topic of several analyst reports. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st. 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. Finally, StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th.

Cimpress Stock Up 11.8 %

The company has a 50 day simple moving average of $47.68 and a 200-day simple moving average of $66.83. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last issued its earnings results 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 27.64%. As a group, sell-side analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sean Edward Quinn bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Cimpress by 26.5% during the third quarter. FMR LLC now owns 78,216 shares of the business services provider’s stock valued at $6,407,000 after buying an additional 16,380 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cimpress by 54.5% during the 3rd 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 purchasing an additional 9,324 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Cimpress during the 3rd quarter valued at about $115,000. Public Employees Retirement System of Ohio bought a new stake in Cimpress during the 3rd quarter worth approximately $29,000. Finally, Barclays PLC raised its stake in shares of Cimpress by 70.3% in the third quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after purchasing an additional 26,342 shares during the last quarter. Institutional investors and hedge funds 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.