Cimpress (NASDAQ:CMPR) Hits New 52-Week Low Following Weak Earnings

Cimpress plc (NASDAQ:CMPR)’s stock price reached a new 52-week low during trading on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $41.01 and last traded at $42.02, with a volume of 201576 shares. The stock had previously closed at $42.68.

The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. The firm had revenue of $789.47 million during the quarter, compared to the consensus estimate of $798.02 million.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMPR. Barrington Research restated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Finally, Truist Financial lowered their price objective 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.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the purchase, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at approximately $839,296. The trade was a 32.84 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the business. Vestcor Inc purchased a new stake in shares of Cimpress in the 4th quarter worth approximately $144,000. Mayfair Advisory Group LLC bought a new stake in Cimpress in the fourth quarter worth $204,000. Ethic Inc. purchased a new stake in shares of Cimpress in the fourth quarter worth $214,000. Cerity Partners LLC bought a new position in shares of Cimpress during the first quarter valued at $214,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Cimpress in the 4th quarter worth about $228,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

The firm has a 50-day moving average price of $43.77 and a 200-day moving average price of $62.62. The stock has a market cap of $986.79 million, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94.

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.