Fred E. Durham III Buys 8,000 Shares of CafePress Inc. (PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 8,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were acquired at an average cost of $2.90 per share, for a total transaction of $23,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,271,660 shares of the company’s stock, valued at $6,587,814. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of CafePress Inc. (NASDAQ:PRSS) opened at 3.08 on Wednesday. CafePress Inc. has a 12-month low of $2.80 and a 12-month high of $4.55. The firm’s 50-day moving average is $2.99 and its 200-day moving average is $3.09. The company’s market capitalization is $51.30 million.
CafePress (NASDAQ:PRSS) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.09. The company earned $19.20 million during the quarter, compared to the consensus estimate of $19.77 million. CafePress had a negative net margin of 29.51% and a negative return on equity of 8.98%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, equities research analysts anticipate that CafePress Inc. will post ($0.17) EPS for the current fiscal year.
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A number of equities research analysts have issued reports on PRSS shares. Jefferies Group restated a “hold” rating and set a $3.50 price target on shares of CafePress in a report on Tuesday, September 6th. Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a report on Friday, September 9th. Finally, Zacks Investment Research cut shares of CafePress from a “buy” rating to a “hold” rating in a report on Thursday, October 6th.
A hedge fund recently raised its stake in CafePress stock. Vanguard Group Inc. increased its stake in shares of CafePress Inc. (NASDAQ:PRSS) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 205,647 shares of the company’s stock after buying an additional 4,436 shares during the period. Vanguard Group Inc. owned about 1.23% of CafePress worth $637,000 as of its most recent filing with the SEC. 20.96% of the stock is owned by institutional investors and hedge funds.
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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