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

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

Insider Activity at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of the company’s 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 transaction, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. This represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in Cimpress by 1.3% in the 3rd quarter. Franklin Resources Inc. now owns 30,833 shares of the business services provider’s stock worth $2,524,000 after purchasing an additional 400 shares in the last quarter. Optimist Retirement Group LLC grew its stake in Cimpress by 15.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 352 shares during the period. Barclays PLC increased its position in shares of Cimpress by 70.3% during the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock valued at $5,229,000 after purchasing an additional 26,342 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Cimpress during the third quarter valued at about $29,000. Finally, Castleark Management LLC raised its position in Cimpress by 0.9% in the third quarter. Castleark Management LLC now owns 66,760 shares of the business services provider’s stock worth $5,469,000 after acquiring an additional 610 shares during the period. 77.64% of the stock is owned by institutional investors.

Cimpress Stock Down 5.9 %

NASDAQ CMPR traded down $4.93 on Tuesday, hitting $78.14. The company’s stock had a trading volume of 61,709 shares, compared to its average volume of 151,627. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92. The company’s 50-day moving average is $79.33 and its 200 day moving average is $84.72. The firm has a market cap of $1.97 billion, a PE ratio of 13.52, a PEG ratio of 0.70 and a beta of 2.08.

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

Wall Street Analysts Forecast Growth

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

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.