Cimpress (NASDAQ:CMPR) Hits New 1-Year Low After Earnings Miss

Cimpress plc (NASDAQ:CMPR - Get Free Report) reached a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $41.01 and last traded at $42.02, with a volume of 201576 shares changing hands. The stock had previously closed at $42.68.

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

Analyst Ratings Changes

CMPR has been the subject of several analyst reports. StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday. Barrington Research restated an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Finally, Truist Financial cut their target price on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday.

Insiders Place Their Bets

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMPR. Signaturefd LLC lifted its position in Cimpress by 341.6% in the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Cimpress in the 4th quarter valued at about $144,000. Mayfair Advisory Group LLC bought a new stake in shares of Cimpress in the fourth quarter valued at about $204,000. Ethic Inc. acquired a new position in shares of Cimpress during the fourth quarter worth about $214,000. Finally, Cerity Partners LLC bought a new position in shares of Cimpress during the first quarter worth about $214,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Stock Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94. The stock has a 50-day moving average of $43.41 and a 200-day moving average of $61.82.

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.