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

Cimpress plc (NASDAQ:CMPR)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $55.09 and last traded at $55.64, with a volume of 149948 shares. The stock had previously closed at $57.22.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of 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 reissued an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th.

Cimpress Trading Down 5.3 %

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08. The firm has a 50-day moving average of $71.42 and a 200 day moving average of $79.21.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) 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%. As a group, research analysts forecast that Cimpress plc will post 3.7 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after acquiring an additional 140,899 shares during the last quarter. Vanguard Group Inc. grew its stake in Cimpress by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,833,202 shares of the business services provider’s stock worth $131,477,000 after purchasing an additional 13,988 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Cimpress by 31.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock valued at $42,472,000 after buying an additional 141,942 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Cimpress by 1.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 236,941 shares of the business services provider’s stock valued at $16,993,000 after buying an additional 2,988 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after buying an additional 13,297 shares during the last quarter. 77.64% of the stock is 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.