Cimpress (NASDAQ:CMPR) Reaches New 1-Year Low – Should You Sell?

Cimpress plc (NASDAQ:CMPR) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $51.85 and last traded at $51.64, with a volume of 30742 shares trading hands. The stock had previously closed at $53.85.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CMPR shares. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Barrington Research restated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. Finally, Truist Financial decreased their price target on shares of 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 4.0 %

The company has a market cap of $1.26 billion, a PE ratio of 8.30, a P/E/G ratio of 0.50 and a beta of 2.08. The firm has a 50 day moving average of $68.43 and a two-hundred day moving average of $77.83.

Cimpress (NASDAQ:CMPR) last posted its quarterly 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 negative return on equity of 27.64% and a net margin of 4.75%. On average, research analysts forecast that Cimpress plc will post 3.7 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Cimpress during the third quarter valued at $29,000. CWM LLC increased its position in shares of Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 427 shares during the last quarter. Quarry LP purchased a new stake in shares of Cimpress during the 3rd quarter valued at about $111,000. Point72 Asset Management L.P. bought a new position in shares of Cimpress in the 3rd quarter worth approximately $115,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cimpress in the third quarter worth approximately $130,000. 77.64% of the stock is owned by 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.