Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low – Time to Sell?

Shares of Cimpress plc (NASDAQ:CMPR) reached a new 52-week low during trading on Tuesday . The company traded as low as $45.61 and last traded at $46.29, with a volume of 317287 shares. The stock had previously closed at $48.08.

Wall Street Analysts Forecast Growth

CMPR has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th.

Cimpress Stock Performance

The stock’s 50 day moving average price is $63.92 and its 200-day moving average price is $75.79. The company has a market cap of $1.16 billion, a PE ratio of 7.66, a PEG ratio of 0.50 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (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%. On average, analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cimpress by 5.0% in the third 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. raised its holdings in Cimpress by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider’s stock valued at $3,120,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after buying an additional 215 shares during the period. Rhumbline Advisers grew its holdings in Cimpress by 0.9% in the 4th quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider’s stock worth $1,820,000 after acquiring an additional 232 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cimpress by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider’s stock worth $696,000 after acquiring an additional 267 shares during the last quarter. 77.64% of the stock is currently 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.