Cimpress (NASDAQ:CMPR) Hits New 12-Month Low – Time to Sell?

Cimpress plc (NASDAQ:CMPR) shares hit a new 52-week low during trading on Friday. The company traded as low as $58.84 and last traded at $59.02, with a volume of 80,052 shares trading hands. The stock had previously closed at $60.32.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMPR. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Barrington Research set a $121.00 price target on shares of Cimpress in a research report on Tuesday, August 11th. Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Truist Financial dropped their price target on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.50.

Cimpress Stock Performance

The firm has a fifty day moving average price of $80.77 and a 200-day moving average price of $84.39. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.86 and a beta of 1.82.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 28th. The business services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91). The company had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Cimpress had a net margin of 2.25% and a negative return on equity of 17.38%. On average, sell-side analysts forecast that Cimpress plc will post 4.38 EPS for the current fiscal year.

Insider Activity at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the transaction, the chief executive officer directly owned 764,000 shares of the company’s stock, valued at $64,848,320. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 34,500 shares of company stock worth $3,001,585. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Cimpress during the 3rd quarter worth approximately $447,000. Sterling Capital Management LLC lifted its holdings in shares of Cimpress by 14.2% in the third quarter. Sterling Capital Management LLC now owns 3,774 shares of the business services provider’s stock worth $291,000 after buying an additional 470 shares in the last quarter. USA Financial Formulas bought a new stake in Cimpress during the third quarter valued at $39,000. Contravisory Investment Management Inc. raised its stake in Cimpress by 20.2% in the third quarter. Contravisory Investment Management Inc. now owns 3,359 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 564 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Cimpress in the second quarter valued at $200,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.