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 stock are short sold. Based on an average daily volume of 170,300 shares, the short-interest ratio is presently 8.4 days.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $92.81, for a total transaction of $527,439.23. Following the completion of the transaction, the chief executive officer now owns 33,793 shares of the company’s stock, valued at approximately $3,136,328.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of Cimpress stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total value of $527,439.23. Following the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at approximately $3,136,328.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the sale, the executive vice president now directly owns 10,779 shares in the company, valued at $970,110. The disclosure for this sale can be found here. Insiders have sold a total of 25,292 shares of company stock worth $2,319,309 over the last three months. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CMPR. Capula Management Ltd bought a new stake in Cimpress in the 3rd quarter valued at $1,081,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cimpress by 17.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,921 shares of the business services provider’s stock valued at $4,685,000 after purchasing an additional 10,057 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Cimpress during the 3rd quarter worth about $833,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cimpress by 26.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,392 shares of the business services provider’s stock worth $7,238,000 after buying an additional 21,693 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Cimpress by 2,607.2% in the 3rd quarter. Lazard Asset Management LLC now owns 59,991 shares of the business services provider’s stock valued at $4,199,000 after buying an additional 57,775 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Stock Performance

Shares of CMPR stock opened at $84.30 on Thursday. Cimpress has a 52-week low of $42.84 and a 52-week high of $100.01. 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 firm’s 50-day moving average is $91.36 and its 200-day moving average is $80.22.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.90. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. The firm had revenue of $921.36 million for the quarter, compared to the consensus estimate of $901.13 million. Sell-side analysts predict that Cimpress will post 3.16 EPS 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.