CafePress Inc. (PRSS) Downgraded by Zacks Investment Research
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. “
A number of other analysts have also commented on PRSS. Jefferies Group reaffirmed a hold rating and set a $4.50 price objective on shares of CafePress in a research note on Monday, July 18th. Cantor Fitzgerald reaffirmed a hold rating on shares of CafePress in a research note on Friday, September 9th.
CafePress (NASDAQ:PRSS) opened at 3.04 on Thursday. The firm’s market capitalization is $50.73 million. The stock’s 50 day moving average price is $3.05 and its 200-day moving average price is $3.25. CafePress has a 12 month low of $2.88 and a 12 month high of $4.85.
CafePress (NASDAQ:PRSS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $19.20 million. CafePress had a negative return on equity of 6.02% and a negative net margin of 28.02%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share. On average, analysts forecast that CafePress will post ($0.18) earnings per share for the current year.
In other CafePress news, major shareholder Lloyd I. Miller III bought 11,554 shares of CafePress stock in a transaction that occurred on Wednesday, August 31st. The shares were purchased at an average cost of $2.97 per share, for a total transaction 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 approximately $3,663,495. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lloyd I. Miller III bought 14,900 shares of CafePress stock in a transaction that occurred on Wednesday, August 17th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $3,577,150. The disclosure for this purchase can be found here. Corporate insiders own 28.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased 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 worth $232,000 after buying an additional 28,600 shares during the period. Royce & Associates LP increased its position in CafePress by 10.0% in the second quarter. Royce & Associates LP now owns 110,000 shares of the company’s stock worth $341,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. increased its position 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 during the period. Finally, Renaissance Technologies LLC increased its position 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 during the period. Hedge funds and other institutional investors own 20.76% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CafePress Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CafePress Inc. and related companies with MarketBeat.com's FREE daily email newsletter.