CafePress Inc. (PRSS) Hits New 1-Year Low at $2.92
CafePress Inc. (NASDAQ:PRSS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $2.92 and last traded at $2.97, with a volume of 31,009 shares traded. The stock had previously closed at $2.95.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of CafePress from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating and issued a $4.50 target price on shares of CafePress in a report on Monday, July 18th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $4.00 target price on shares of CafePress in a report on Sunday, July 10th.
The company’s market capitalization is $48.40 million. The company has a 50 day moving average of $3.13 and a 200-day moving average of $3.39.
CafePress (NASDAQ:PRSS) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.08). The business earned $19.80 million during the quarter, compared to the consensus estimate of $19.20 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that CafePress Inc. will post ($0.18) EPS for the current year.
In other CafePress news, major shareholder Lloyd I. Miller III purchased 25,600 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average cost of $3.10 per share, with a total value of $79,360.00. Following the completion of the acquisition, the insider now directly owns 1,233,500 shares of the company’s stock, valued at approximately $3,823,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lloyd I. Miller III purchased 33,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was acquired at an average cost of $3.00 per share, with a total value of $100,500.00. Following the completion of the acquisition, 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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