CafePress Inc. (PRSS) Sets New 12-Month Low at $2.92
CafePress Inc. (NASDAQ:PRSS) shares hit a new 52-week low on Wednesday . The company traded as low as $2.92 and last traded at $3.03, with a volume of 21,980 shares changing hands. The stock had previously closed at $3.06.
A number of brokerages have recently weighed in on PRSS. Zacks Investment Research upgraded CafePress from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday. Cantor Fitzgerald restated a “hold” rating and set a $4.00 price objective on shares of CafePress in a research report on Friday, May 6th. Finally, Jefferies Group restated a “hold” rating on shares of CafePress in a research report on Monday, July 11th.
The firm’s market capitalization is $50.57 million. The company’s 50-day moving average price is $3.14 and its 200 day moving average price is $3.42.
CafePress (NASDAQ:PRSS) last posted its earnings results on Thursday, August 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $19.20 million. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, analysts expect that CafePress Inc. will post ($0.18) earnings per share for the current year.
In other CafePress news, major shareholder Lloyd I. Miller III bought 33,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average cost of $3.00 per share, for a total transaction of $100,500.00. Following the completion of the transaction, the insider now directly owns 1,233,500 shares of the company’s stock, valued at approximately $3,700,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lloyd I. Miller III bought 18,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average price of $3.10 per share, with a total value of $57,970.00. Following the completion of the transaction, the insider now directly owns 1,233,500 shares of the company’s stock, valued at $3,823,850. The disclosure for this purchase can be found here.
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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