Analysts forecast that CafePress Inc (NASDAQ:PRSS) will report $19.39 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for CafePress’ earnings. The highest sales estimate is $20.87 million and the lowest is $17.90 million. CafePress posted sales of $19.17 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The business is expected to report its next quarterly earnings report on Thursday, November 9th.
According to Zacks, analysts expect that CafePress will report full year sales of $19.39 million for the current financial year, with estimates ranging from $95.80 million to $104.38 million. For the next year, analysts anticipate that the firm will post sales of $104.43 million per share, with estimates ranging from $99.20 million to $109.66 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for CafePress.
Separately, Zacks Investment Research lowered shares of CafePress from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
In related news, CEO Fred E. Durham III bought 15,019 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $1.75 per share, for a total transaction of $26,283.25. Following the purchase, the chief executive officer now directly owns 2,325,639 shares of the company’s stock, valued at $4,069,868.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Lloyd I. Miller III bought 12,689 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $2.54 per share, for a total transaction of $32,230.06. Following the completion of the purchase, the insider now directly owns 1,233,500 shares in the company, valued at $3,133,090. The disclosure for this purchase can be found here. Insiders acquired a total of 95,578 shares of company stock worth $221,407 over the last 90 days. Insiders own 28.80% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after buying an additional 20,066 shares in the last quarter. Spark Investment Management LLC increased its position in shares of CafePress by 31.0% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the information services provider’s stock worth $168,000 after buying an additional 13,200 shares in the last quarter. Blackhill Capital Inc. increased its position in shares of CafePress by 7.1% in the first quarter. Blackhill Capital Inc. now owns 68,156 shares of the information services provider’s stock worth $206,000 after buying an additional 4,506 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of CafePress by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 545,000 shares of the information services provider’s stock worth $1,602,000 after buying an additional 26,200 shares in the last quarter. Institutional investors and hedge funds own 13.85% of the company’s stock.
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Shares of CafePress (NASDAQ PRSS) opened at 1.82 on Wednesday. The company’s market capitalization is $30.59 million. CafePress has a 1-year low of $1.75 and a 1-year high of $3.72. The company has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.82.
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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