Trading Report: Today, Zacks Investment Research Lowers CafePress Inc. (PRSS) to Hold

Today, Zacks Investment Research Lowers CafePress Inc. (PRSS) to Hold

CafePress Inc. (NASDAQ:PRSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

Other equities research analysts have also issued research reports about the stock. Jefferies Group reiterated a “hold” rating and set a $3.50 price objective on shares of CafePress in a research note on Tuesday, September 6th. Cantor Fitzgerald reiterated a “hold” rating on shares of CafePress in a research note on Sunday, August 28th.

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Shares of CafePress (NASDAQ:PRSS) traded up 0.33% during midday trading on Thursday, hitting $3.05. The stock had a trading volume of 3,489 shares. The firm has a 50 day moving average of $3.05 and a 200-day moving average of $3.27. The company’s market cap is $50.90 million. CafePress has a one year low of $2.88 and a one year high of $4.85.

CafePress (NASDAQ:PRSS) last issued its earnings results 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 analyst estimates of $19.20 million. CafePress had a negative net margin of 28.02% and a negative return on equity of 6.02%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, analysts forecast that CafePress will post ($0.18) earnings per share for the current fiscal year.

In other news, major shareholder Lloyd I. Miller III purchased 14,900 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were bought at an average price of $2.90 per share, for a total transaction of $43,210.00. Following the completion of the purchase, the insider now owns 1,233,500 shares of the company’s stock, valued at $3,577,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lloyd I. Miller III purchased 11,554 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was purchased at an average price of $2.97 per share, for a total transaction of $34,315.38. Following the purchase, the insider now directly owns 1,233,500 shares of the company’s stock, valued at approximately $3,663,495. The disclosure for this purchase can be found here. 28.80% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of CafePress by 2.2% in the second quarter. Vanguard Group Inc. now owns 205,647 shares of the company’s stock valued at $637,000 after buying an additional 4,436 shares during the last quarter. Royce & Associates LP raised its stake in shares of CafePress by 10.0% in the second quarter. Royce & Associates LP now owns 110,000 shares of the company’s stock valued at $341,000 after buying an additional 10,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of CafePress by 3.9% in the first quarter. Renaissance Technologies LLC now owns 480,800 shares of the company’s stock valued at $1,774,000 after buying an additional 18,200 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake 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 valued at $232,000 after buying an additional 28,600 shares during the last quarter. 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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