Cimpress (NASDAQ:CMPR) Posts Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Cimpress (NASDAQ:CMPR) announced its quarterly 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 the consensus estimate of $945.53 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.

Cimpress Trading Down 2.5%

CMPR stock traded down $2.50 during trading on Wednesday, hitting $97.62. The company had a trading volume of 158,259 shares, compared to its average volume of 164,212. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 54.84 and a beta of 1.79. The business has a 50 day moving average of $96.08 and a 200 day moving average of $84.27. Cimpress has a fifty-two week low of $48.51 and a fifty-two week high of $106.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial set a $110.00 target price on Cimpress in a research note on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Friday. Barrington Research increased their price objective on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $111.50.

Insider Activity

In other Cimpress news, EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the sale, the executive vice president directly owned 19,674 shares in the company, valued at approximately $1,828,895.04. The trade was a 49.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sean Edward Quinn sold 22,980 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the transaction, the executive vice president owned 28,937 shares of the company’s stock, valued at $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 47,240 shares of company stock worth $4,715,549. 10.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Cimpress in the 4th quarter worth $410,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Cimpress by 10.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,074 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 500 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Cimpress by 12.6% during the fourth quarter. Mackenzie Financial Corp now owns 11,274 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 1,265 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Cimpress by 149.4% in the 4th quarter. XTX Topco Ltd now owns 9,635 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 5,772 shares during the period. Finally, Twinbeech Capital LP acquired a new position in shares of Cimpress in the 4th quarter valued at $638,000. Institutional investors own 77.64% of the company’s stock.

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.