Cimpress plc (NASDAQ:CMPR) Short Interest Update

Cimpress plc (NASDAQ:CMPR) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,300,000 shares, a drop of 11.6% from the July 31st total of 1,470,000 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 137,900 shares, the days-to-cover ratio is currently 9.4 days.

Wall Street Analyst Weigh In

CMPR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Truist Financial boosted their price target on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barrington Research boosted their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th.

Insider Transactions at Cimpress

In related news, CEO Florian Baumgartner sold 4,035 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $81.28, for a total transaction of $327,964.80. Following the sale, the chief executive officer now owns 27,619 shares in the company, valued at approximately $2,244,872.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at $2,054,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Florian Baumgartner sold 4,035 shares of Cimpress stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $81.28, for a total transaction of $327,964.80. Following the transaction, the chief executive officer now directly owns 27,619 shares of the company’s stock, valued at approximately $2,244,872.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,514 shares of company stock valued at $3,496,281. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after purchasing an additional 519 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Cimpress during the first quarter valued at approximately $200,000. Legacy Capital Group California Inc. purchased a new position in shares of Cimpress during the second quarter valued at approximately $202,000. Optimist Retirement Group LLC purchased a new position in shares of Cimpress during the second quarter valued at approximately $204,000. Finally, Olympiad Research LP purchased a new position in shares of Cimpress during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

Cimpress stock traded down $1.22 during midday trading on Friday, reaching $98.88. 215,946 shares of the stock were exchanged, compared to its average volume of 166,239. Cimpress has a 52 week low of $57.01 and a 52 week high of $104.92. The firm has a market cap of $2.48 billion, a PE ratio of 30.52, a PEG ratio of 0.83 and a beta of 2.00. The company’s fifty day moving average is $89.66 and its 200-day moving average is $88.88.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The company had revenue of $832.61 million during the quarter, compared to analysts’ expectations of $832.90 million. On average, sell-side analysts anticipate that Cimpress will post 4.4 earnings per share for the current fiscal year.

Cimpress Company Profile

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.