CafePress Inc. (NASDAQ:PRSS) has been assigned an average broker rating score of 3.67 (Sell) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and two have assigned a hold rating to the company.
Analysts have set a 1-year consensus price target of $3.50 for the company and are forecasting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned CafePress an industry rank of 17 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of CafePress from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Jefferies Group restated a “hold” rating and issued a $3.50 target price on shares of CafePress in a research report on Monday, September 12th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a research report on Friday, September 9th.
Shares of CafePress (NASDAQ:PRSS) opened at 3.04 on Thursday. The company’s market cap is $50.73 million. The company has a 50 day moving average of $3.05 and a 200-day moving average of $3.25. CafePress has a 52-week low of $2.88 and a 52-week high of $4.85.
CafePress (NASDAQ:PRSS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $19.80 million for the quarter, compared to analysts’ expectations of $19.20 million. CafePress had a negative net margin of 28.02% and a negative return on equity of 6.02%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. Analysts forecast that CafePress will post ($0.18) EPS for the current fiscal year.
In other CafePress news, major shareholder Lloyd I. Miller III purchased 11,554 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were bought at an average price of $2.97 per share, for a total transaction of $34,315.38. Following the completion of the acquisition, the insider now owns 1,233,500 shares in the company, valued at $3,663,495. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lloyd I. Miller III purchased 14,900 shares of the business’s stock in a transaction dated 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 acquisition, the insider now 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. 28.80% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Spark Investment Management LLC raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. 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.
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