Cimpress (NASDAQ:CMPR) Announces Quarterly Earnings Results

Cimpress (NASDAQ:CMPR) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91), FiscalAI reports. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $934.05 million for the quarter, compared to analyst estimates of $934.18 million.

Cimpress Price Performance

Shares of CMPR stock traded down $5.98 on Wednesday, hitting $74.79. The stock had a trading volume of 395,244 shares, compared to its average volume of 176,928. The firm has a market capitalization of $1.82 billion, a P/E ratio of 19.84 and a beta of 1.82. Cimpress has a 1 year low of $60.59 and a 1 year high of $106.57. The company’s 50 day moving average price is $81.66 and its 200-day moving average price is $84.47.

Insider Transactions at Cimpress

In related news, CEO Robert Keane sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the completion of the transaction, the chief executive officer directly owned 764,000 shares in the company, valued at $64,848,320. This trade represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 34,500 shares of company stock worth $3,001,585. 10.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CMPR has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Barrington Research set a $121.00 target price on shares of Cimpress in a report on Tuesday, August 11th. Finally, Truist Financial dropped their target price on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Cimpress presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Cimpress Company Profile

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.