Fred E. Durham III Acquires 16,694 Shares of CafePress Inc. (PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III purchased 16,694 shares of CafePress stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $2.83 per share, for a total transaction of $47,244.02. Following the completion of the transaction, the chief executive officer now directly owns 2,252,660 shares in the company, valued at $6,375,027.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of CafePress Inc. (NASDAQ:PRSS) opened at 2.82 on Monday. The company’s 50-day moving average price is $3.01 and its 200 day moving average price is $3.11. The firm’s market cap is $46.99 million. CafePress Inc. has a 52 week low of $2.80 and a 52 week high of $4.55.
CafePress (NASDAQ:PRSS) last announced 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. CafePress had a negative net margin of 29.51% and a negative return on equity of 8.98%. The firm had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.77 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that CafePress Inc. will post ($0.17) earnings per share for the current year.
Several research analysts have recently issued reports on PRSS shares. Zacks Investment Research lowered CafePress from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Jefferies Group restated a “hold” rating and issued a $3.50 price target on shares of CafePress in a research report on Monday, September 12th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a research report on Friday, September 9th.
A hedge fund recently raised its stake in CafePress stock. Royce & Associates LP increased its stake in CafePress Inc. (NASDAQ:PRSS) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Royce & Associates LP owned approximately 0.66% of CafePress worth $341,000 at the end of the most recent reporting period. 20.74% of the stock is currently 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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