Cimpress (NASDAQ:CMPR) Hits New 52-Week Low – Here’s What Happened

Shares of Cimpress plc (NASDAQ:CMPR) hit a new 52-week low during trading on Tuesday . The stock traded as low as $45.61 and last traded at $46.29, with a volume of 317287 shares trading hands. The stock had previously closed at $48.08.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMPR. Truist Financial lowered their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Finally, Barrington Research reissued an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Trading Down 0.7 %

The company has a 50-day simple moving average of $62.75 and a 200 day simple moving average of $75.27. The company has a market cap of $1.11 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.50 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last announced 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 net margin of 4.75% and a negative return on equity of 27.64%. On average, equities analysts forecast that Cimpress plc will post 3.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC grew its position 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 valued at $63,406,000 after buying an additional 203,806 shares during the period. Janus Henderson Group PLC grew its position in shares of Cimpress by 6.8% in the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock valued at $218,126,000 after purchasing an additional 194,034 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings 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 purchasing an additional 141,942 shares during the period. Millennium Management LLC raised its position in shares of Cimpress by 331.9% during the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock valued at $7,952,000 after buying an additional 85,201 shares during the period. Finally, Norges Bank acquired a new stake in shares of Cimpress during the 4th quarter worth about $3,544,000. Institutional investors and hedge funds 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.