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

Cimpress plc (NASDAQ:CMPR) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,430,000 shares, an increase of 5.9% from the March 31st total of 1,350,000 shares. Currently, 6.3% of the company’s shares are short sold. Based on an average trading volume of 170,300 shares, the days-to-cover ratio is currently 8.4 days.

Analysts Set New Price Targets

Several brokerages have commented on CMPR. Truist Financial raised their price objective on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barrington Research lifted their price target on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th.

Cimpress Stock Down 1.1 %

NASDAQ:CMPR opened at $84.30 on Thursday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 55.83, a PEG ratio of 1.12 and a beta of 1.94. The company’s 50 day moving average price is $91.36 and its 200-day moving average price is $80.22. Cimpress has a 52 week low of $42.84 and a 52 week high of $100.01.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.90. The business had revenue of $921.36 million for the quarter, compared to analysts’ expectations of $901.13 million. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. As a group, sell-side analysts anticipate that Cimpress will post 3.16 earnings per share for the current year.

Insider Activity at Cimpress

In related news, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares in the company, valued at $2,528,273.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now owns 10,779 shares of the company’s stock, valued at approximately $970,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares in the company, valued at $2,528,273.32. The disclosure for this sale can be found here. Insiders sold a total of 25,292 shares of company stock worth $2,319,309 over the last quarter. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Cimpress during the third quarter valued at $88,000. Contravisory Investment Management Inc. bought a new stake in shares of Cimpress in the fourth quarter worth approximately $185,000. Principal Financial Group Inc. purchased a new position in shares of Cimpress during the first quarter valued at approximately $200,000. Crestwood Advisors Group LLC purchased a new position in shares of Cimpress during the third quarter valued at approximately $210,000. Finally, Olympiad Research LP bought a new position in 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 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.