CafePress Inc. (PRSS) CEO Fred E. Durham III Purchases 8,000 Shares of Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 8,000 shares of the business’s stock in a transaction on Friday, November 18th. The shares were bought at an average price of $2.90 per share, for a total transaction of $23,200.00. Following the completion of the acquisition, the chief executive officer now owns 2,260,660 shares of the company’s stock, valued at $6,555,914. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
CafePress Inc. (NASDAQ:PRSS) traded up 0.3630% on Tuesday, hitting $2.8202. 404 shares of the stock were exchanged. The company has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.09. CafePress Inc. has a 1-year low of $2.80 and a 1-year high of $4.55. The company’s market capitalization is $46.99 million.
CafePress (NASDAQ:PRSS) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.09. The company earned $19.20 million during the quarter, compared to analyst estimates of $19.77 million. CafePress had a negative return on equity of 8.98% and a negative net margin of 29.51%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Analysts anticipate that CafePress Inc. will post ($0.17) EPS for the current fiscal year.
A number of equities research analysts recently weighed in on PRSS shares. Zacks Investment Research raised CafePress from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating and set a $3.50 price objective on shares of CafePress in a report on Monday, September 12th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of CafePress in a report on Friday, September 9th.
A hedge fund recently raised its stake in CafePress stock. Royce & Associates LP increased its position in CafePress Inc. (NASDAQ:PRSS) by 10.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 110,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Royce & Associates LP owned 0.66% of CafePress worth $341,000 at the end of the most recent reporting period. 20.74% of the stock is owned by hedge funds and other institutional investors.
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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