Short Interest in Cimpress plc (NASDAQ:CMPR) Expands By 5.9%

Cimpress plc (NASDAQ:CMPR) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,430,000 shares, a growth 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 trading volume of 170,300 shares, the days-to-cover ratio is currently 8.4 days.

Insider Activity at Cimpress

In related news, EVP Maarten Wensveen sold 1,651 shares of the company’s 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 transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Florian Baumgartner sold 5,683 shares of the 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 transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,292 shares of company stock valued at $2,319,309. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cimpress

A number of institutional investors have recently bought and sold shares of CMPR. Handelsbanken Fonder AB increased its stake in Cimpress by 7.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,996 shares of the business services provider’s stock worth $490,000 after buying an additional 496 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Cimpress by 24.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,771 shares of the business services provider’s stock worth $964,000 after buying an additional 2,740 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Cimpress in the 3rd quarter worth $257,000. Allspring Global Investments Holdings LLC grew its position in shares of Cimpress by 26.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 103,392 shares of the business services provider’s stock valued at $7,238,000 after purchasing an additional 21,693 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its position in shares of Cimpress by 0.6% during the third quarter. Ingalls & Snyder LLC now owns 93,797 shares of the business services provider’s stock valued at $6,567,000 after purchasing an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

NASDAQ:CMPR opened at $84.30 on Thursday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 1.18 and a beta of 1.97. Cimpress has a one year low of $42.84 and a one year high of $100.01. The business has a fifty day moving average price of $91.36 and a 200-day moving average price of $80.22.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share (EPS) 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 business had revenue of $921.36 million during the quarter, compared to analyst estimates of $901.13 million. On average, equities research analysts expect that Cimpress will post 3.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMPR has been the topic of several research analyst reports. Truist Financial increased their price target on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barrington Research upped their price objective on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th.

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.