Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low - What's Next?

Cimpress plc (NASDAQ:CMPR - Get Free Report) reached 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 changing hands. The stock had previously closed at $57.22.

Analysts Set New Price Targets

Several brokerages have recently commented on CMPR. Truist Financial lowered their target price on shares of 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 report on Wednesday, January 29th. Finally, StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th.

Cimpress Trading Up 2.1 %

The firm's 50-day moving average price is $70.37 and its 200 day moving average price is $78.78. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data 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, equities research analysts anticipate that Cimpress plc will post 3.7 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of hedge funds have recently made changes to their positions in CMPR. Janus Henderson Group PLC lifted its holdings 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 worth $233,253,000 after buying an additional 140,899 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 13,988 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of 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 worth $42,472,000 after acquiring an additional 141,942 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Cimpress by 1.3% in 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 acquiring an additional 2,988 shares during the last quarter. Finally, Northern Trust Corp increased its position in Cimpress by 6.8% during the 4th quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 10,876 shares during the period. 77.64% of the stock is 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.