Cimpress (NASDAQ:CMPR) Issues Earnings Results

Cimpress (NASDAQ:CMPR) announced its quarterly earnings data on Wednesday. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.34, FiscalAI reports. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.64 million. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%.

Cimpress Stock Performance

Shares of Cimpress stock traded down $0.62 during midday trading on Wednesday, hitting $77.91. 132,983 shares of the company traded hands, compared to its average volume of 129,061. The firm’s fifty day moving average price is $72.59 and its 200-day moving average price is $64.63. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 59.47 and a beta of 1.73. Cimpress has a 12 month low of $35.21 and a 12 month high of $81.98.

Wall Street Analysts Forecast Growth

CMPR has been the subject of a number of analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Barrington Research reissued an “outperform” rating and issued a $83.00 price objective on shares of Cimpress in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.50.

Insider Buying and Selling

In other news, EVP Maarten Wensveen sold 22,830 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the completion of the transaction, the executive vice president directly owned 20,587 shares in the company, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sean Edward Quinn acquired 4,000 shares of Cimpress stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the transaction, the executive vice president directly owned 36,484 shares in the company, valued at $2,290,830.36. The trade was a 12.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several large investors have recently bought and sold shares of CMPR. Amundi lifted its holdings in Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after buying an additional 3,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $452,000 after acquiring an additional 282 shares during the period. Legal & General Group Plc increased its position in Cimpress by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock valued at $869,000 after purchasing an additional 751 shares during the period. Prudential Financial Inc. bought a new position in Cimpress during the 2nd quarter worth approximately $211,000. Finally, Hsbc Holdings PLC raised its holdings in Cimpress by 15.3% during the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock worth $520,000 after purchasing an additional 1,492 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Company Profile

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.