Cimpress (NASDAQ:CMPR) Issues Earnings Results, Misses Estimates By $0.25 EPS

Cimpress (NASDAQ:CMPR) issued its earnings results on Wednesday. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25), FiscalAI reports. The company had revenue of $944.96 million during the quarter, compared to analysts’ expectations of $945.53 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%.

Cimpress Trading Down 2.5%

Shares of NASDAQ CMPR traded down $2.50 during trading hours on Wednesday, reaching $97.62. The stock had a trading volume of 158,259 shares, compared to its average volume of 164,207. The firm has a 50-day moving average of $96.08 and a 200-day moving average of $84.27. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 54.84 and a beta of 1.79. Cimpress has a fifty-two week low of $48.51 and a fifty-two week high of $106.57.

Analyst Ratings Changes

A number of research firms have issued reports on CMPR. Truist Financial set a $110.00 price target on Cimpress in a research report on Friday, May 1st. Barrington Research boosted their target price on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research note on Friday. Finally, Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $111.50.

Insiders Place Their Bets

In related news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total value of $1,789,572.96. Following the sale, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the sale, the executive vice president owned 28,937 shares in the company, valued at $3,027,099.57. This represents a 44.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,240 shares of company stock worth $4,715,549 over the last ninety days. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cimpress

Hedge funds have recently modified their holdings of the company. Allworth Financial LP grew its stake in Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after acquiring an additional 370 shares during the period. Quarry LP purchased a new position in shares of Cimpress during the 3rd quarter worth $55,000. Headlands Technologies LLC boosted its holdings in shares of Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Cimpress during the fourth quarter worth $66,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cimpress in the second quarter valued at $51,000. 77.64% of the stock is owned by institutional investors and hedge funds.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.