Cimpress plc (NASDAQ:CMPR) Short Interest Update

Cimpress plc (NASDAQ:CMPR) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,610,000 shares, an increase of 7.3% from the November 30th total of 1,500,000 shares. Based on an average daily volume of 141,400 shares, the short-interest ratio is presently 11.4 days. Approximately 7.6% of the shares of the company are short sold.

Cimpress Price Performance

Shares of CMPR stock traded down $0.01 during trading hours on Thursday, hitting $71.71. The company had a trading volume of 8,076 shares, compared to its average volume of 150,749. Cimpress has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The company’s fifty day moving average is $77.83 and its 200 day moving average is $83.61. The stock has a market capitalization of $1.80 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08.

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

Institutional Investors Weigh In On Cimpress

A number of institutional investors and hedge funds have recently made changes to their positions in CMPR. Sequoia Financial Advisors LLC purchased a new stake in Cimpress during the third quarter worth about $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cimpress by 54.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 9,324 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the period. Millennium Management LLC grew its holdings in Cimpress by 34.6% in the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after buying an additional 11,041 shares during the period. Finally, Barclays PLC increased its position in Cimpress by 70.3% during the third quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after purchasing an additional 26,342 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CMPR. Truist Financial reduced their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research report on Friday, December 20th. Finally, StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.