Cimpress (NASDAQ:CMPR) Trading Down 4.7% - Time to Sell?

Cimpress plc (NASDAQ:CMPR - Get Free Report)'s stock price dropped 4.7% on Wednesday . The stock traded as low as $45.41 and last traded at $45.11. Approximately 82,446 shares were traded 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.

Analyst Upgrades and Downgrades

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

Cimpress Stock Performance

The stock has a market capitalization of $1.07 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.50 and a beta of 1.76. The firm has a 50-day moving average price of $43.27 and a 200 day moving average price of $55.28.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.94). The business had revenue of $789.47 million during 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 anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. raised its holdings in Cimpress by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider's stock valued at $3,120,000 after buying an additional 200 shares during the period. Rhumbline Advisers raised its stake in shares of Cimpress by 0.9% in the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock worth $1,820,000 after purchasing an additional 232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cimpress by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock valued at $696,000 after acquiring an additional 267 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Cimpress by 9.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock valued at $295,000 after acquiring an additional 341 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Cimpress by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 6,696 shares of the business services provider's stock valued at $480,000 after purchasing an additional 400 shares during the period. 77.64% of the stock is currently owned by institutional investors.

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.