Cimpress (NASDAQ:CMPR) Stock Price Down 4.7% - What's Next?

Cimpress plc (NASDAQ:CMPR - Get Free Report) was down 4.7% during trading on Wednesday . The company traded as low as $45.41 and last traded at $45.11. Approximately 82,446 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 177,252 shares. The stock had previously closed at $47.35.

Wall Street Analysts Forecast Growth

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

Cimpress Stock Down 5.1%

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.50 and a beta of 1.76. The stock has a fifty day moving average of $43.27 and a 200-day moving average of $55.10.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.61 by ($0.94). The company had revenue of $789.47 million for the quarter, compared to analysts' expectations of $798.02 million. Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. On average, equities analysts forecast that Cimpress plc will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider's stock valued at $452,000 after purchasing an additional 282 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Cimpress by 129.6% during the first quarter. AQR Capital Management LLC now owns 156,702 shares of the business services provider's stock valued at $7,088,000 after acquiring an additional 88,466 shares during the last quarter. Amundi boosted its stake in shares of Cimpress by 73.5% during the first quarter. Amundi now owns 7,385 shares of the business services provider's stock valued at $328,000 after acquiring an additional 3,129 shares during the last quarter. State of Wyoming boosted its stake in shares of Cimpress by 54.0% during the first quarter. State of Wyoming now owns 7,398 shares of the business services provider's stock valued at $335,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Cimpress by 14.5% during the first quarter. Trexquant Investment LP now owns 66,502 shares of the business services provider's stock valued at $3,008,000 after acquiring an additional 8,420 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

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.