CafePress Insider Sells $153,214 in Stock (PRSS)
CafePress (NASDAQ:PRSS) Insider Wes Herman sold 24,436 shares of the stock on the open market in a transaction dated Friday, January 3rd. The shares were sold at an average price of $6.27, for a total value of $153,213.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
CafePress (NASDAQ:PRSS) traded down 5.09% during mid-day trading on Friday, hitting $6.15. 49,703 shares of the company’s stock traded hands. CafePress has a one year low of $5.31 and a one year high of $7.47. The stock’s 50-day moving average is $6.26 and its 200-day moving average is $6.21. The company’s market cap is $105.6 million.
CafePress (NASDAQ:PRSS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $50.40 million for the quarter, compared to the consensus estimate of $50.47 million. The company’s revenue for the quarter was up 15.6% on a year-over-year basis.
A number of research firms have recently commented on PRSS. Analysts at JPMorgan Chase & Co. cut their price target on shares of CafePress from $9.00 to $8.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of CafePress from $7.00 to $6.50 in a research note to investors on Thursday, November 7th. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of CafePress from $7.00 to $6.25 in a research note to investors on Thursday, November 7th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.44.
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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