Cimpress (NASDAQ:CMPR) Trading Down 3.8% - Here's Why

Cimpress plc (NASDAQ:CMPR - Get Free Report) dropped 3.8% on Wednesday . The stock traded as low as $42.40 and last traded at $42.35. Approximately 121,328 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 219,388 shares. The stock had previously closed at $44.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial cut their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wall Street Zen cut shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Barrington Research dropped their price target on Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th.

Cimpress Price Performance

The business has a 50 day moving average price of $43.32 and a 200 day moving average price of $54.52. The stock has a market capitalization of $1.06 billion, a PE ratio of 7.27 and a beta of 1.76.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, April 30th. 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 27.85% and a net margin of 4.61%. The firm had revenue of $789.47 million during the quarter, compared to analysts' expectations of $798.02 million. On average, equities analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its holdings in Cimpress by 341.6% in the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock worth $27,000 after buying an additional 468 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Cimpress during the first quarter valued at approximately $32,000. Headlands Technologies LLC bought a new position in Cimpress during the first quarter valued at approximately $34,000. Vestcor Inc bought a new stake in Cimpress in the 4th quarter worth approximately $144,000. Finally, Ethic Inc. purchased a new stake in Cimpress during the 4th quarter valued at $214,000. Hedge funds and other institutional investors 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.