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

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $41.24 and last traded at $41.62, with a volume of 83324 shares trading hands. The stock had previously closed at $43.92.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barrington Research restated an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Finally, Truist Financial cut their target price on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Friday, January 31st.

Cimpress Trading Up 7.6 %

The firm has a market cap of $1.13 billion, a P/E ratio of 7.46, a PEG ratio of 0.50 and a beta of 2.22. The firm has a 50-day simple moving average of $58.85 and a 200-day simple moving average of $72.79.

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

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Insider Activity at Cimpress

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $41.50 per share, with a total value of $207,500.00. Following the purchase, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock worth $218,126,000 after purchasing an additional 194,034 shares during the period. Vanguard Group Inc. grew 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 in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of 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 stake in shares of Cimpress by 3.5% in 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. raised 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 valued at $42,472,000 after acquiring an additional 141,942 shares in the last quarter. 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.