Cimpress plc (NASDAQ:CMPR – Get Free Report) 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.
Read Our Latest Research Report on Cimpress
Insider Transactions at Cimpress
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 – Get Free Report) 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.
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