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

Cimpress plc (NASDAQ:CMPR) was the target of a significant increase in short interest in 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. Currently, 7.4% of the shares of the company are sold short. Based on an average trading volume of 156,700 shares, the short-interest ratio is currently 10.0 days.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several recent research reports. Barrington Research lifted their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Truist Financial reduced their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares in the company, valued at $96,260,876.75. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently modified their holdings of CMPR. Hantz Financial Services Inc. purchased a new stake in shares of Cimpress in the 2nd quarter worth about $12,696,000. Janus Henderson Group PLC grew its position in Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the last quarter. Marshall Wace LLP grew its position in Cimpress by 649.8% during the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 93,033 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Cimpress during the 3rd quarter valued at about $7,582,000. Finally, Hennessy Advisors Inc. purchased a new stake in Cimpress during the 2nd quarter valued at about $8,034,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Performance

NASDAQ:CMPR traded down $4.93 during midday trading on Tuesday, reaching $78.14. 61,709 shares of the stock traded hands, compared to its average volume of 151,627. The company has a fifty day moving average of $79.33 and a 200 day moving average of $84.72. The stock has a market capitalization of $1.97 billion, a P/E ratio of 13.52, a PEG ratio of 0.70 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 earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the prior year, the company earned $0.17 earnings per share. On average, analysts predict that Cimpress will post 4.27 EPS 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.