CafePress Lowered to Sell at TheStreet (PRSS)
CafePress (NASDAQ:PRSS) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Stock Ratings Network reports.
The analysts wrote, “CafePress (PRSS) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of CafePress (NASDAQ:PRSS) from $8.00 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Analysts at Jefferies Group raised their price target on shares of CafePress (NASDAQ:PRSS) from $6.00 to $7.00 in a research note to investors on Thursday, August 1st. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.33.
CafePress (NASDAQ:PRSS) traded down 1.13% during mid-day trading on Wednesday, hitting $6.13. The stock had a trading volume of 11,285 shares. CafePress has a 52-week low of $4.44 and a 52-week high of $9.08. The stock’s 50-day moving average is $5.93 and its 200-day moving average is $6.21. The company’s market cap is $105.1 million.
CafePress (NASDAQ:PRSS) last released its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.01. The company had revenue of $52.40 million for the quarter, compared to the consensus estimate of $52.98 million. During the same quarter last year, the company posted $0.10 earnings per share. CafePress’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that CafePress will post $0.15 earnings per share for the current fiscal year.
CafePress Inc (NASDAQ:PRSS) is an e-commerce platform enabling customers to create, buy and sell a range of customized and personalized products.
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