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

Shares of Cimpress plc (NASDAQ:CMPR - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $57.74 and last traded at $57.92, with a volume of 231944 shares traded. The stock had previously closed at $60.56.

Analyst Upgrades and Downgrades

Several research firms have commented on CMPR. StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday. Truist Financial lowered their price objective 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Stock Performance

The company has a market cap of $1.44 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08. The company has a fifty day moving average of $73.04 and a two-hundred day moving average of $79.88.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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, equities analysts forecast that Cimpress plc will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMPR. Public Employees Retirement System of Ohio purchased a new stake in shares of Cimpress in the third quarter worth approximately $29,000. CWM LLC lifted its position 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 purchasing an additional 427 shares during the last quarter. Quarry LP purchased a new stake in shares of Cimpress during the third quarter valued at $111,000. Point72 Asset Management L.P. bought a new position in shares of Cimpress in the third quarter worth about $115,000. Finally, Meeder Asset Management Inc. purchased a new position in Cimpress in the 3rd quarter worth about $130,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

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.