Insider Buying: CafePress Inc. (PRSS) Major Shareholder Purchases $49,200.00 in Stock
CafePress Inc. (NASDAQ:PRSS) major shareholder Lloyd I. Miller III acquired 16,400 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $49,200.00. Following the completion of the acquisition, the insider now owns 1,233,500 shares of the company’s stock, valued at approximately $3,700,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
CafePress Inc. (NASDAQ:PRSS) opened at 2.86 on Tuesday. The company’s 50-day moving average price is $3.04 and its 200-day moving average price is $3.12. CafePress Inc. has a 12 month low of $2.80 and a 12 month high of $4.55. The stock’s market cap is $47.65 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 Thomson Reuters’ consensus estimate of ($0.11) by $0.09. The company had revenue of $19.20 million for the quarter, compared to analysts’ expectations of $19.77 million. CafePress had a negative net margin of 29.51% and a negative return on equity of 8.98%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. Equities analysts forecast that CafePress Inc. will post ($0.17) earnings per share for the current year.
PRSS has been the topic of a number of research analyst reports. Zacks Investment Research raised CafePress from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating and issued a $4.50 price target on shares of CafePress in a research note on Monday, July 18th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of CafePress in a research note on Friday, September 9th.
A hedge fund recently bought a new stake in CafePress stock. Royce & Associates LP acquired a new stake in shares of CafePress Inc. (NASDAQ:PRSS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $369,000. Royce & Associates LP owned about 0.60% of CafePress as of its most recent SEC filing. 20.77% 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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