Cimpress (NASDAQ:CMPR) Trading Down 5.9% - Should You Sell?

Shares of Cimpress plc (NASDAQ:CMPR - Get Free Report) were down 5.9% during trading on Wednesday . The stock traded as low as $52.58 and last traded at $52.09. Approximately 50,822 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 171,444 shares. The stock had previously closed at $55.38.

Analyst Ratings Changes

Several research analysts recently commented on CMPR shares. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th.

Cimpress Stock Up 2.1 %

The company has a market capitalization of $1.35 billion, a P/E ratio of 8.92, a PEG ratio of 0.58 and a beta of 2.08. The stock has a fifty day simple moving average of $70.37 and a 200-day simple moving average of $78.60.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.75% and a negative return on equity of 27.64%. Analysts predict that Cimpress plc will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CMPR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 buying an additional 169 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Cimpress by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider's stock valued at $3,120,000 after buying an additional 200 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cimpress by 1.0% in the third 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 in the last quarter. Rhumbline Advisers increased its stake in shares of Cimpress by 0.9% in the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock valued at $1,820,000 after buying an additional 232 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Cimpress by 9.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock valued at $295,000 after buying an additional 341 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

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.