Cimpress (NASDAQ:CMPR) Sets New 52-Week Low - Here's What Happened

Key Points

• Cimpress shares hit a new 52-week low of $58.84 and last traded at $59.02, well below their 50-day and 200-day moving averages of $80.77 and $84.39, respectively.
• The company reported a quarterly loss of $0.11 per share, missing analysts’ $0.80 EPS estimate by $0.91, while revenue of $934.05 million was roughly in line with expectations.
• Analyst sentiment remains mixed: Cimpress has a consensus “Moderate Buy” rating and a $114.50 target price, although some firms recently downgraded the stock to “Hold.” Insiders have also sold 34,500 shares over the past three months.

Cimpress plc (NASDAQ:CMPR - Get Free Report) shares hit a new 52-week low 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 Analyst Weigh In

Several research analysts have commented on the company. Zacks Research lowered Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Barrington Research set a $121.00 price objective on Cimpress in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Truist Financial reduced their price objective on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen lowered shares of Cimpress from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cimpress has an average rating of "Moderate Buy" and a consensus target price of $114.50.

Cimpress Trading Down 0.5%

The firm has a 50-day moving average of $80.77 and a 200 day moving average of $84.39. The stock 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 - Get Free Report) last released 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 firm had revenue of $934.05 million during the quarter, compared to analyst estimates of $934.18 million. Cimpress had a negative return on equity of 17.38% and a net margin of 2.25%. Equities research analysts predict that Cimpress plc will post 4.38 EPS for the current fiscal year.

Insider Transactions at Cimpress

In other news, CEO Robert Keane sold 16,000 shares of the business's 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 in the company, valued at $64,848,320. The trade was a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 34,500 shares of company stock valued at $3,001,585. 10.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Cimpress during the 3rd quarter valued at about $447,000. Sterling Capital Management LLC raised its stake 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 valued at $291,000 after acquiring an additional 470 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $39,000. Contravisory Investment Management Inc. increased its holdings in Cimpress by 20.2% during the 3rd 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 acquired a new position in Cimpress in the second quarter worth $200,000. Institutional investors own 77.64% of the company's stock.

About Cimpress

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.

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