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

Cimpress plc (NASDAQ:CMPR)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $55.09 and last traded at $55.64, with a volume of 149948 shares. The stock had previously closed at $57.22.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. 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 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 reaffirmed an “outperform” rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Stock Down 5.3 %

The business has a 50 day simple moving average of $71.42 and a 200-day simple moving average of $79.21. The company has a market capitalization of $1.32 billion, a P/E ratio of 8.68, a PEG ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its 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%. Equities analysts forecast that Cimpress plc will post 3.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. raised its stake in Cimpress by 31.5% during the 4th 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. Janus Henderson Group PLC raised its stake in shares of Cimpress by 5.2% during the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress during the third quarter valued at about $7,582,000. Norges Bank bought a new position in Cimpress in the 4th quarter valued at about $3,544,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Cimpress by 39.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider’s stock valued at $9,806,000 after buying an additional 38,402 shares during the period. 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.