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

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $41.10 and last traded at $41.22, with a volume of 67153 shares changing hands. The stock had previously closed at $42.36.

Analyst Ratings Changes

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

Cimpress Stock Performance

The company has a market cap of $1.14 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.50 and a beta of 2.22. The company has a fifty day moving average of $53.44 and a two-hundred day moving average of $69.47.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 27.64% and a net margin of 4.75%. On average, equities analysts forecast that Cimpress plc will post 3.69 EPS for the current year.

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Insider Buying and Selling

In related news, CFO Sean Edward Quinn acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of Cimpress by 6.8% in the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock valued at $218,126,000 after acquiring an additional 194,034 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cimpress by 0.8% during 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. ArrowMark Colorado Holdings LLC grew its holdings in Cimpress by 30.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock worth $63,406,000 after acquiring an additional 203,806 shares during the period. Nuveen Asset Management LLC raised its position in Cimpress by 3.5% during the fourth quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider's stock valued at $50,488,000 after acquiring an additional 24,040 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted 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 acquiring an additional 141,942 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

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.