Fred E. Durham III Acquires 8,000 Shares of CafePress Inc. (PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was acquired 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 directly owns 2,271,660 shares of the company’s stock, valued at approximately $6,587,814. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of CafePress Inc. (NASDAQ:PRSS) traded up 3.33% during mid-day trading on Monday, reaching $3.10. The company’s stock had a trading volume of 976 shares. The company’s market capitalization is $51.64 million. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $3.09. CafePress Inc. has a 1-year low of $2.80 and a 1-year high of $4.55.
CafePress (NASDAQ:PRSS) last announced its 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. CafePress had a negative return on equity of 8.98% and a negative net margin of 29.51%. The firm had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.77 million. During the same quarter last year, the business posted ($0.07) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that CafePress Inc. will post ($0.17) EPS for the current year.
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An institutional investor recently raised its position in CafePress stock. Royce & Associates LP boosted its position in CafePress Inc. (NASDAQ:PRSS) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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. 20.96% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on PRSS shares. Cantor Fitzgerald reissued a “hold” rating on shares of CafePress in a research report on Sunday, August 28th. 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. Finally, Jefferies Group reissued a “hold” rating and issued a $3.50 target price on shares of CafePress in a research report on Monday, September 12th.
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.
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