Lloyd I. Miller III Buys 7,800 Shares of CafePress Inc. (PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) major shareholder Lloyd I. Miller III bought 7,800 shares of CafePress stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average price of $3.00 per share, for a total transaction of $23,400.00. 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
CafePress Inc. (NASDAQ:PRSS) opened at 2.80 on Wednesday. CafePress Inc. has a 12-month low of $2.80 and a 12-month high of $4.55. The company’s market capitalization is $46.65 million. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.12.
CafePress (NASDAQ:PRSS) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.09. The business had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.77 million. CafePress had a negative net margin of 29.51% and a negative return on equity of 8.98%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. On average, equities analysts anticipate that CafePress Inc. will post ($0.17) earnings per share for the current fiscal year.
Several analysts recently commented on PRSS shares. Zacks Investment Research upgraded CafePress from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Wednesday, August 10th. Jefferies Group restated a “hold” rating and set a $3.50 price target on shares of CafePress in a report on Monday, September 12th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a report on Friday, September 9th.
An institutional investor recently raised its position in CafePress stock. Vanguard Group Inc. raised its position in shares of CafePress Inc. (NASDAQ:PRSS) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,647 shares of the company’s stock after buying an additional 4,436 shares during the period. Vanguard Group Inc. owned 1.23% of CafePress worth $637,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.77% 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.
Receive News & Stock Ratings for CafePress Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CafePress Inc. and related stocks with our FREE daily email newsletter.