Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low - Here's Why

Cimpress plc (NASDAQ:CMPR - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $51.85 and last traded at $51.64, with a volume of 30742 shares trading hands. The stock had previously closed at $53.85.

Analyst Upgrades and Downgrades

CMPR has been the subject of several recent analyst reports. 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. StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Finally, Truist Financial lowered 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.

Cimpress Stock Down 0.7 %

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.48 and a beta of 2.08. The company has a fifty day simple moving average of $67.21 and a two-hundred day simple moving average of $77.40.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 27.64% and a net margin of 4.75%. On average, research analysts predict that Cimpress plc will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMPR. Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress during the 3rd quarter worth approximately $29,000. CWM LLC grew its holdings 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 worth $103,000 after buying an additional 427 shares in the last quarter. Quarry LP purchased a new stake in shares of Cimpress during the third quarter worth about $111,000. Point72 Asset Management L.P. purchased a new stake in shares of Cimpress during the third quarter worth about $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter worth about $130,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.