Shares of CafePress Inc. (NASDAQ:PRSS) have been assigned an average broker rating score of 3.67 (Sell) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and two have assigned a hold rating to the company.
Brokers have set a twelve-month consensus target price of $3.50 for the company and are anticipating that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given CafePress an industry rank of 17 out of 265 based on the ratings given to related companies.
Several research firms recently commented on PRSS. Zacks Investment Research raised CafePress from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Wednesday, August 10th. Jefferies Group reissued a “hold” rating and set a $3.50 target price on shares of CafePress in a research note on Monday, September 12th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $4.00 target price on shares of CafePress in a research note on Sunday, July 10th.
In other news, major shareholder Lloyd I. Miller III purchased 14,900 shares of the stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $43,210.00. Following the completion of the transaction, the insider now directly owns 1,233,500 shares in the company, valued at approximately $3,577,150. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Lloyd I. Miller III purchased 11,554 shares of the stock in a transaction dated Wednesday, August 31st. The shares were purchased at an average price of $2.97 per share, with a total value of $34,315.38. Following the completion of the transaction, the insider now owns 1,233,500 shares of the company’s stock, valued at $3,663,495. The disclosure for this purchase can be found here. Company insiders own 28.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in CafePress by 2.2% in the second quarter. Vanguard Group Inc. now owns 205,647 shares of the company’s stock valued at $637,000 after buying an additional 4,436 shares in the last quarter. Royce & Associates LP raised its position in CafePress by 10.0% in the second quarter. Royce & Associates LP now owns 110,000 shares of the company’s stock valued at $341,000 after buying an additional 10,000 shares in the last quarter. Renaissance Technologies LLC raised its position in CafePress by 3.9% in the first quarter. Renaissance Technologies LLC now owns 480,800 shares of the company’s stock valued at $1,774,000 after buying an additional 18,200 shares in the last quarter. Finally, Spark Investment Management LLC raised its position in CafePress by 83.1% in the first quarter. Spark Investment Management LLC now owns 63,000 shares of the company’s stock valued at $232,000 after buying an additional 28,600 shares in the last quarter. Institutional investors and hedge funds own 20.76% of the company’s stock.
CafePress (NASDAQ:PRSS) opened at 3.09 on Thursday. The stock has a 50 day moving average price of $3.05 and a 200 day moving average price of $3.26. The company’s market capitalization is $51.57 million. CafePress has a 52-week low of $2.88 and a 52-week high of $4.85.
CafePress (NASDAQ:PRSS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). CafePress had a negative return on equity of 6.02% and a negative net margin of 28.02%. The firm earned $19.80 million during the quarter, compared to analysts’ expectations of $19.20 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts expect that CafePress will post ($0.18) earnings per share for the current year.
CafePress Company Profile
CafePress Inc is an online retailer of personalized products offering various gifts and accessories, including t-shirts and apparel, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. The Company conducts its business on its primary United States-based domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia.
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