Cimpress plc (NASDAQ:CMPR) Sees Large Increase in Short Interest

Cimpress plc (NASDAQ:CMPR) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 1,410,000 shares, a growth of 8.5% from the August 15th total of 1,300,000 shares. Based on an average daily volume of 150,800 shares, the short-interest ratio is presently 9.4 days. Currently, 6.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMPR shares. Barrington Research lifted 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 raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Truist Financial boosted their price objective on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Insider Activity

In other news, CEO Florian Baumgartner sold 4,034 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.40, for a total value of $348,537.60. Following the sale, the chief executive officer now owns 19,550 shares in the company, valued at approximately $1,689,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Florian Baumgartner sold 4,034 shares of Cimpress stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.40, for a total value of $348,537.60. Following the completion of the transaction, the chief executive officer now directly owns 19,550 shares of the company’s stock, valued at $1,689,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at $2,054,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,150 shares of company stock worth $7,368,144. Corporate insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently made changes to their positions in CMPR. Dimensional Fund Advisors LP raised its stake in shares of Cimpress by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock worth $38,905,000 after purchasing an additional 6,902 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Cimpress by 13.3% during the 4th quarter. Panagora Asset Management Inc. now owns 29,891 shares of the business services provider’s stock worth $2,393,000 after purchasing an additional 3,516 shares in the last quarter. Norges Bank bought a new stake in shares of Cimpress during the 4th quarter worth approximately $9,433,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cimpress during the 4th quarter worth approximately $720,000. Finally, Trexquant Investment LP bought a new stake in shares of Cimpress during the 4th quarter worth approximately $261,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

NASDAQ:CMPR traded up $2.53 during trading hours on Wednesday, reaching $84.44. 207,105 shares of the stock were exchanged, compared to its average volume of 154,001. Cimpress has a twelve month low of $57.01 and a twelve month high of $104.92. The firm has a 50 day moving average of $89.71 and a 200 day moving average of $88.49. The stock has a market cap of $2.12 billion, a PE ratio of 26.15, a PEG ratio of 0.69 and a beta of 2.04.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. The firm had revenue of $832.61 million during the quarter, compared to the consensus estimate of $832.90 million. Equities research analysts anticipate that Cimpress will post 4.4 earnings per share for the current 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.