CafePress Inc. (NASDAQ:PRSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “CafePress, Inc. provides an e-commerce platform empowering individuals, groups, businesses and organizations to create, buy and sell customized and personalized products online. The Company’s portfolio of brands includes CafePress.com, Canvas On Demand, ImageKind, CafePress Pro, and Canvas On Demand Pro. It markets its services worldwide. CafePress, Inc. is headquartered in San Mateo, California. “
Other analysts also recently issued research reports about the stock. Jefferies Group reaffirmed a “hold” rating and set a $3.50 target price on shares of CafePress in a report on Tuesday, September 6th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of CafePress in a report on Sunday, August 28th.
Shares of CafePress (NASDAQ:PRSS) opened at 3.09 on Thursday. CafePress has a one year low of $2.88 and a one year high of $4.85. The firm’s market cap is $51.57 million. The company has a 50 day moving average of $3.05 and a 200-day moving average of $3.26.
CafePress (NASDAQ:PRSS) last announced its earnings results on Thursday, August 4th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The business earned $19.80 million during the quarter, compared to the consensus estimate of $19.20 million. CafePress had a negative net margin of 28.02% and a negative return on equity of 6.02%. CafePress’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) EPS. On average, analysts expect that CafePress will post ($0.18) EPS for the current year.
In other CafePress news, major shareholder Lloyd I. Miller III acquired 14,900 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average price of $2.90 per share, with a total value of $43,210.00. Following the acquisition, the insider now directly owns 1,233,500 shares of the company’s stock, valued at approximately $3,577,150. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Lloyd I. Miller III acquired 11,554 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was acquired at an average cost of $2.97 per share, with a total value of $34,315.38. Following the acquisition, the insider now directly owns 1,233,500 shares in the company, valued at $3,663,495. The disclosure for this purchase can be found here. Corporate insiders own 28.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP acquired a new stake in CafePress during the first quarter worth about $369,000. Spark Investment Management LLC increased its stake in CafePress by 83.1% in the first quarter. Spark Investment Management LLC now owns 63,000 shares of the company’s stock worth $232,000 after buying an additional 28,600 shares in the last quarter. Renaissance Technologies LLC increased its stake in CafePress by 3.9% in the first quarter. Renaissance Technologies LLC now owns 480,800 shares of the company’s stock worth $1,774,000 after buying an additional 18,200 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in CafePress by 2.2% in the second quarter. Vanguard Group Inc. now owns 205,647 shares of the company’s stock worth $637,000 after buying an additional 4,436 shares in the last quarter. 20.76% of the stock is owned by hedge funds and other institutional investors.
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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