Cimpress plc (NASDAQ:CMPR) Short Interest Update

Cimpress plc (NASDAQ:CMPR) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,510,000 shares, an increase of 6.3% from the September 30th total of 1,420,000 shares. Based on an average trading volume of 158,100 shares, the days-to-cover ratio is presently 9.6 days. Approximately 7.1% of the company’s shares are sold short.

Insider Transactions at Cimpress

In other news, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the sale, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction on 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 owns 22,830 shares in the company, valued at $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert S. Keane sold 45,310 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the sale, the chief executive officer now owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is currently owned by insiders.

Institutional Trading of Cimpress

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the 3rd quarter valued at about $7,582,000. CWM LLC lifted its stake in Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after buying an additional 427 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Cimpress by 54.0% in the third quarter. Diversified Trust Co now owns 4,840 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 1,697 shares during the period. Handelsbanken Fonder AB grew its position in shares of Cimpress by 14.6% during the third quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider’s stock worth $516,000 after acquiring an additional 800 shares during the last quarter. Finally, Creative Planning grew its position in shares of Cimpress by 10.5% during the second quarter. Creative Planning now owns 7,492 shares of the business services provider’s stock worth $656,000 after acquiring an additional 710 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CMPR. Barrington Research increased their price objective 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. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, October 14th. Finally, Truist Financial lifted their price target on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Cimpress Stock Performance

CMPR stock traded up $0.55 during midday trading on Wednesday, reaching $76.14. 143,438 shares of the company were exchanged, compared to its average volume of 151,302. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03. Cimpress has a 1-year low of $57.20 and a 1-year high of $104.92. The stock’s 50-day simple moving average is $84.32 and its 200 day simple moving average is $86.06.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The firm had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. On average, 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.