CafePress Inc. (PRSS) Major Shareholder Lloyd I. Miller III Buys 10,733 Shares of Stock
CafePress Inc. (NASDAQ:PRSS) major shareholder Lloyd I. Miller III acquired 10,733 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average price of $2.80 per share, for a total transaction of $30,052.40. Following the completion of the transaction, the insider now directly owns 1,233,500 shares in the company, valued at $3,453,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of CafePress Inc. (NASDAQ:PRSS) traded up 2.84% during mid-day trading on Thursday, reaching $2.90. 25,613 shares of the company’s stock were exchanged. The stock’s market capitalization is $48.31 billion. CafePress Inc. has a 1-year low of $2.80 and a 1-year high of $4.55. The company’s 50 day moving average is $3.03 and its 200 day moving average is $3.12.
CafePress (NASDAQ:PRSS) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.09. The business earned $19.20 million during 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 last year, the company earned ($0.07) earnings per share. Equities research analysts anticipate that CafePress Inc. will post ($0.17) EPS for the current fiscal year.
Several analysts have recently commented on PRSS shares. Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a research report on Sunday, August 28th. Zacks Investment Research upgraded shares of CafePress from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Wednesday, August 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $3.50 price target on shares of CafePress in a report on Monday, September 12th.
A hedge fund recently raised its stake in CafePress stock. Vanguard Group Inc. raised its stake in shares of CafePress Inc. (NASDAQ:PRSS) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,647 shares of the company’s stock after buying an additional 4,436 shares during the period. Vanguard Group Inc. owned approximately 1.23% of CafePress worth $637,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.77% of the company’s stock.
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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