Zacks Investment Research cut shares of CafePress Inc. (NASDAQ:PRSS) from a buy rating to a hold rating in a report released on Thursday morning.

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. “

Several other equities research analysts have also weighed in on the company. Jefferies Group reissued a hold rating and set a $3.50 target price on shares of CafePress in a research report on Monday, September 12th. Cantor Fitzgerald reissued a hold rating on shares of CafePress in a research report on Friday, September 9th.

Shares of CafePress (NASDAQ:PRSS) traded up 1.64% on Thursday, hitting $3.10. The stock had a trading volume of 5,606 shares. The firm’s 50-day moving average is $3.05 and its 200-day moving average is $3.27. The company’s market cap is $51.74 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 for the quarter, hitting the consensus estimate of ($0.08). CafePress had a negative return on equity of 6.02% and a negative net margin of 28.02%. The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $19.20 million. During the same quarter last year, the company earned ($0.03) EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts expect that CafePress will post ($0.18) EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in 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 period. Vanguard Group Inc. raised its position in 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 period. Royce & Associates LP raised its position in 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 period. Finally, Spark Investment Management LLC raised 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 valued at $232,000 after buying an additional 28,600 shares during the period. 20.76% of the stock is currently owned by institutional investors.

About CafePress

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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