Cimpress (NASDAQ:CMPR) Announces Quarterly Earnings Results

Cimpress (NASDAQ:CMPR) issued its quarterly earnings results on Wednesday. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34, FiscalAI reports. Cimpress had a negative return on equity of 4.11% and a net margin of 0.66%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.64 million.

Cimpress Price Performance

Shares of CMPR stock opened at $78.01 on Friday. The company has a market cap of $1.92 billion, a P/E ratio of 86.68 and a beta of 1.73. The stock’s 50-day moving average is $73.04 and its 200 day moving average is $64.82. Cimpress has a 1-year low of $35.21 and a 1-year high of $82.16.

Insider Activity at Cimpress

In other news, EVP Sean Edward Quinn bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $62.79 per share, with a total value of $251,160.00. Following the completion of the transaction, the executive vice president directly owned 36,484 shares of the company’s stock, valued at approximately $2,290,830.36. The trade was a 12.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction 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 $1,407,327.32. This represents a 52.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CMPR. Rubric Capital Management LP grew its position in shares of Cimpress by 110.3% in the third quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after purchasing an additional 619,360 shares during the period. AQR Capital Management LLC boosted its stake 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 purchasing an additional 139,482 shares during the last quarter. Millennium Management LLC raised its position in shares of Cimpress by 1,215.4% in the third quarter. Millennium Management LLC now owns 126,959 shares of the business services provider’s stock valued at $8,003,000 after buying an additional 117,307 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Cimpress during the 2nd quarter worth approximately $3,183,000. Finally, UBS Group AG grew its position in shares of Cimpress by 132.7% in the third quarter. UBS Group AG now owns 108,922 shares of the business services provider’s stock valued at $6,866,000 after purchasing an additional 62,107 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several analyst reports. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Cimpress in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $80.50.

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.