CafePress Inc. (PRSS) Hits New 52-Week Low at $2.92
CafePress Inc. (NASDAQ:PRSS) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.92 and last traded at $3.03, with a volume of 21,980 shares trading hands. The stock had previously closed at $3.06.
PRSS has been the topic of a number of recent research reports. Zacks Investment Research raised CafePress from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $4.00 target price on shares of CafePress in a research note on Friday, May 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $4.50 target price on shares of CafePress in a research note on Friday, May 6th.
The firm’s market cap is $52.07 million. The firm has a 50-day moving average price of $3.14 and a 200 day moving average price of $3.41.
CafePress (NASDAQ:PRSS) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). The business had revenue of $19.80 million for the quarter, compared to the consensus estimate of $19.20 million. During the same period last year, the firm posted ($0.03) EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities research analysts expect that CafePress Inc. will post ($0.18) earnings per share for the current year.
In related news, major shareholder Lloyd I. Miller III acquired 25,600 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average price of $3.10 per share, for a total transaction of $79,360.00. Following the completion of the purchase, the insider now directly owns 1,233,500 shares of the company’s stock, valued at $3,823,850. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lloyd I. Miller III acquired 33,500 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average price of $3.00 per share, for a total transaction of $100,500.00. Following the purchase, the insider now directly owns 1,233,500 shares of the company’s stock, valued at $3,700,500. 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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