Cimpress plc (NASDAQ:CMPR) Short Interest Down 6.8% in December

Cimpress plc (NASDAQ:CMPR) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,500,000 shares, a drop of 6.8% from the December 15th total of 1,610,000 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average trading volume of 137,500 shares, the days-to-cover ratio is presently 10.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cimpress by 54.5% in the 3rd 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 valued at $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the third quarter valued at approximately $7,582,000. Diamond Hill Capital Management Inc. lifted 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 worth $36,885,000 after purchasing an additional 26,727 shares in the last quarter. Barclays PLC boosted its holdings 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. Finally, Millennium Management LLC grew its position in Cimpress by 34.6% in the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after purchasing an additional 11,041 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMPR shares. Truist Financial cut their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th. Finally, StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

Cimpress Price Performance

CMPR traded up $1.17 during trading on Friday, reaching $73.81. The company had a trading volume of 129,935 shares, compared to its average volume of 127,828. The company has a market cap of $1.86 billion, a P/E ratio of 12.68, a PEG ratio of 0.62 and a beta of 2.09. Cimpress has a 12 month low of $58.05 and a 12 month high of $104.92. The business’s fifty day moving average price is $76.64 and its 200 day moving average price is $82.42.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data 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 company 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 prior year, the firm posted $0.17 earnings per share. As a group, sell-side analysts predict that Cimpress will post 4.06 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.