Short Interest in Cimpress plc (NASDAQ:CMPR) Declines By 6.8%

Cimpress plc (NASDAQ:CMPR) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,500,000 shares, a decline of 6.8% from the December 15th total of 1,610,000 shares. Based on an average trading volume of 137,500 shares, the short-interest ratio is currently 10.9 days. Currently, 7.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th. StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Truist Financial decreased their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Cimpress Price Performance

NASDAQ CMPR traded up $1.17 during midday trading on Friday, hitting $73.81. 129,935 shares of the company traded hands, compared to its average volume of 127,828. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The company’s 50-day simple moving average is $76.64 and its 200-day simple moving average is $82.42. The company has a market cap of $1.86 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The company had revenue of $804.97 million for 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 business earned $0.17 EPS. On average, research analysts predict that Cimpress will post 4.06 earnings per share for the current year.

Institutional Investors Weigh In On Cimpress

A number of hedge funds and other institutional investors have recently bought and sold shares of CMPR. Janus Henderson Group PLC increased its position in shares of Cimpress by 5.2% during the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock worth $233,253,000 after purchasing an additional 140,899 shares in the last quarter. Marshall Wace LLP increased its position in Cimpress by 649.8% during the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after buying an additional 93,033 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Cimpress in the third quarter valued at about $7,582,000. Advantage Alpha Capital Partners LP acquired a new stake in Cimpress in the third quarter worth about $2,932,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Cimpress by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after acquiring an additional 29,484 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.