CafePress Inc. (PRSS) CEO Fred E. Durham III Buys 8,000 Shares of Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were acquired at an average price of $2.90 per share, for a total transaction of $23,200.00. Following the completion of the transaction, the chief executive officer now owns 2,271,660 shares in the company, valued at approximately $6,587,814. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
CafePress Inc. (NASDAQ:PRSS) opened at 3.06 on Tuesday. The firm has a 50-day moving average of $2.99 and a 200-day moving average of $3.09. CafePress Inc. has a 52-week low of $2.80 and a 52-week high of $4.55. The firm’s market capitalization is $50.97 million.
CafePress (NASDAQ:PRSS) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.09. The company earned $19.20 million during 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%. CafePress’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. On average, equities research analysts forecast that CafePress Inc. will post ($0.17) EPS for the current fiscal year.
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PRSS has been the topic of several recent research reports. Jefferies Group reiterated a “hold” rating and set a $3.50 target price on shares of CafePress in a research report on Tuesday, September 6th. Cantor Fitzgerald restated a “hold” rating on shares of CafePress in a research report on Friday, September 9th. Finally, Zacks Investment Research lowered shares of CafePress from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th.
A hedge fund recently raised its stake in CafePress stock. Royce & Associates LP increased its stake in shares of CafePress Inc. (NASDAQ:PRSS) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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. Institutional investors and hedge funds own 20.96% 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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