Cimpress plc (NASDAQ:CMPR) Sees Large Increase in Short Interest

Cimpress plc (NASDAQ:CMPR - Get Free Report) was the target of a significant increase in short interest in 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 trading volume, of 141,400 shares, the short-interest ratio is presently 11.4 days. Approximately 7.6% of the company's stock are sold short.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Barrington Research reissued an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a research report on Friday, December 20th. Finally, Truist Financial lowered their price objective on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, November 1st.

Cimpress Trading Down 2.3 %

NASDAQ CMPR traded down $1.65 on Thursday, reaching $70.07. The stock had a trading volume of 141,188 shares, compared to its average volume of 150,749. Cimpress has a 1 year low of $58.05 and a 1 year high of $104.92. The business has a 50 day moving average price of $77.83 and a 200 day moving average price of $83.61. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.17 EPS. On average, analysts anticipate that Cimpress will post 4.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMPR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cimpress by 5.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider's stock worth $287,000 after purchasing an additional 169 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after acquiring an additional 215 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Cimpress by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider's stock worth $2,375,000 after acquiring an additional 308 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Cimpress by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider's stock valued at $910,000 after acquiring an additional 334 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Cimpress in the 3rd quarter valued at approximately $29,000. Institutional investors own 77.64% of the company's stock.

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.