Cimpress (NASDAQ:CMPR – Get Free Report) issued its earnings results on Wednesday. The business services provider reported $0.97 earnings per share 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 analyst estimates of $945.53 million. Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.
Cimpress Price Performance
CMPR traded up $3.45 during trading on Friday, reaching $98.15. 134,800 shares of the stock traded hands, compared to its average volume of 166,155. The stock’s 50-day simple moving average is $96.07 and its two-hundred day simple moving average is $84.55. Cimpress has a fifty-two week low of $48.51 and a fifty-two week high of $106.57. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 26.00 and a beta of 1.79.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CMPR. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a report on Friday, July 24th. Barrington Research increased their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th. Finally, Truist Financial reduced their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $110.50.
Insider Activity
In other news, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the sale, the executive vice president directly owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This trade represents a 49.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sean Edward Quinn sold 22,980 shares of Cimpress 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 sale, 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. Over the last ninety days, insiders sold 47,240 shares of company stock worth $4,715,549. Insiders own 10.20% of the company’s stock.
Hedge Funds Weigh In On Cimpress
Hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in Cimpress by 8.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,620,423 shares of the business services provider’s stock worth $241,083,000 after purchasing an additional 272,260 shares during the period. Rubric Capital Management LP increased its holdings in shares of Cimpress by 29.2% during the fourth quarter. Rubric Capital Management LP now owns 1,525,000 shares of the business services provider’s stock worth $101,550,000 after buying an additional 344,211 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cimpress by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 405,101 shares of the business services provider’s stock valued at $26,979,000 after acquiring an additional 26,547 shares during the last quarter. State Street Corp boosted its holdings in shares of Cimpress by 1.1% in the 4th quarter. State Street Corp now owns 356,889 shares of the business services provider’s stock worth $23,765,000 after acquiring an additional 4,021 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Cimpress by 89.0% during the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock worth $13,921,000 after acquiring an additional 139,482 shares during the last quarter. 77.64% of the stock is owned by institutional investors.
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.
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