Cimpress (NASDAQ:CMPR) Hits New 12-Month Low - Here's What Happened

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $45.61 and last traded at $46.29, with a volume of 317287 shares trading hands. The stock had previously closed at $48.08.

Wall Street Analyst Weigh In

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

Cimpress Stock Performance

The business's 50 day moving average price is $62.15 and its 200-day moving average price is $75.05. The firm has a market capitalization of $1.16 billion, a PE ratio of 7.60, a P/E/G ratio of 0.50 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. As a group, analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current year.

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Hedge Funds Weigh In On Cimpress

Several institutional investors have recently bought and sold shares of CMPR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 period. Hillsdale Investment Management Inc. raised its position in Cimpress by 0.5% in 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 purchasing an additional 200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 1.0% in 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 position in shares of Cimpress by 0.9% during the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock worth $1,820,000 after buying an additional 232 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cimpress by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock worth $696,000 after buying an additional 267 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

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.