Cimpress (NASDAQ:CMPR) Stock Price Down 5.6% – What’s Next?

Cimpress plc (NASDAQ:CMPR)’s share price dropped 5.6% during trading on Friday . The stock traded as low as $77.25 and last traded at $77.48. Approximately 32,515 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 150,292 shares. The stock had previously closed at $82.05.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barrington Research raised their price target on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Truist Financial cut their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Cimpress Price Performance

The stock has a market cap of $1.96 billion, a PE ratio of 14.10, a PEG ratio of 0.72 and a beta of 2.08. The company has a 50 day moving average price of $79.25 and a two-hundred day moving average price of $84.59.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the prior year, the company posted $0.17 EPS. As a group, equities analysts predict that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cimpress

A number of institutional investors and hedge funds have recently modified their holdings of CMPR. Public Employees Retirement System of Ohio purchased a new stake in Cimpress during the third quarter valued at $29,000. CWM LLC increased its position in shares of Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares during the last quarter. Quarry LP purchased a new position in shares of Cimpress in the third quarter worth approximately $111,000. Point72 Asset Management L.P. bought a new stake in Cimpress during the third quarter valued at approximately $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in Cimpress during the third quarter valued at approximately $130,000. 77.64% of the stock is currently owned by hedge funds and other 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.