Cimpress plc (NASDAQ:CMPR) Short Interest Down 11.6% in August

Cimpress plc (NASDAQ:CMPR) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,300,000 shares, a decrease of 11.6% from the July 31st total of 1,470,000 shares. Currently, 6.2% of the company’s shares are sold short. Based on an average daily trading volume, of 137,900 shares, the days-to-cover ratio is presently 9.4 days.

Insider Activity at Cimpress

In related news, CFO Sean Edward Quinn sold 24,093 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares in the company, valued at approximately $2,054,700. The disclosure for this sale can be found here. Insiders sold 33,479 shares of company stock worth $3,168,316 in the last three months. 17.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC boosted its position in shares of Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after buying an additional 519 shares during the last quarter. Principal Financial Group Inc. bought a new position in Cimpress during the 1st quarter valued at about $200,000. Legacy Capital Group California Inc. purchased a new stake in shares of Cimpress during the 2nd quarter valued at about $202,000. Optimist Retirement Group LLC bought a new stake in shares of Cimpress in the second quarter worth approximately $204,000. Finally, Olympiad Research LP purchased a new position in shares of Cimpress during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

CMPR has been the subject of several recent research reports. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Barrington Research increased their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Cimpress Stock Down 4.1 %

Cimpress stock traded down $4.03 during trading hours on Tuesday, hitting $94.85. The stock had a trading volume of 127,499 shares, compared to its average volume of 153,064. The stock’s 50-day moving average price is $89.95 and its 200-day moving average price is $88.93. The stock has a market capitalization of $2.38 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 0.83 and a beta of 2.04. Cimpress has a 12-month low of $57.01 and a 12-month high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million during the quarter, compared to analyst estimates of $832.90 million. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. On average, research analysts expect that Cimpress will post 4.4 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.