Short Interest in Cimpress plc (NASDAQ:CMPR) Rises By 6.1%

Cimpress plc (NASDAQ:CMPR) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,570,000 shares, an increase of 6.1% from the October 31st total of 1,480,000 shares. Based on an average daily volume of 156,700 shares, the short-interest ratio is currently 10.0 days. Approximately 7.4% of the company’s stock are sold short.

Insider Activity

In related news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Cimpress

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new position in shares of Cimpress in the 3rd quarter valued at about $7,582,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Cimpress during the 2nd quarter valued at approximately $2,208,000. Millennium Management LLC raised its holdings in Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after buying an additional 11,041 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Cimpress by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after buying an additional 423 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barrington Research boosted their price target on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Finally, Truist Financial lowered their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Cimpress Price Performance

Shares of NASDAQ:CMPR traded up $0.16 during midday trading on Wednesday, hitting $80.45. The company had a trading volume of 7,186 shares, compared to its average volume of 151,320. The company has a fifty day moving average of $79.22 and a two-hundred day moving average of $84.67. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.72 and a beta of 2.08. Cimpress has a 12-month low of $58.05 and a 12-month high of $104.92.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period last year, the company earned $0.17 EPS. Research analysts expect that Cimpress will post 4.27 earnings per share for the current fiscal year.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.