Zacks: Brokerages Anticipate CafePress Inc (PRSS) Will Post Earnings of -$0.14 Per Share
Equities research analysts predict that CafePress Inc (NASDAQ:PRSS) will report ($0.14) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CafePress’ earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.13). CafePress reported earnings of ($0.11) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The firm is scheduled to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that CafePress will report full-year earnings of ($0.36) per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.32) to ($0.27). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow CafePress.
A number of brokerages have issued reports on PRSS. Cantor Fitzgerald reissued a “neutral” rating and set a $3.50 target price on shares of CafePress in a report on Wednesday, March 8th. Zacks Investment Research cut shares of CafePress from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.
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CafePress (NASDAQ:PRSS) traded up 3.94% during trading on Friday, reaching $2.64. The company’s stock had a trading volume of 41,694 shares. The stock’s 50 day moving average is $2.74 and its 200 day moving average is $3.03. The company’s market cap is $44.05 million. CafePress has a 12 month low of $2.45 and a 12 month high of $3.72.
In other CafePress news, major shareholder Lloyd I. Miller III bought 10,658 shares of the stock in a transaction on Wednesday, April 12th. The shares were acquired at an average price of $2.80 per share, with a total value of $29,842.40. Following the acquisition, the insider now directly owns 1,233,500 shares of the company’s stock, valued at approximately $3,453,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Lloyd I. Miller III bought 10,101 shares of the stock in a transaction on Thursday, May 25th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $25,656.54. Following the acquisition, 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 have acquired a total of 180,899 shares of company stock worth $479,208 in the last three months. Insiders own 28.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in CafePress by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 545,000 shares of the information services provider’s stock valued at $1,602,000 after buying an additional 26,200 shares during the last quarter. Blackhill Capital Inc. boosted its position in CafePress by 7.6% in the fourth quarter. Blackhill Capital Inc. now owns 63,650 shares of the information services provider’s stock valued at $187,000 after buying an additional 4,506 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock valued at $150,000 after buying an additional 20,066 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in CafePress by 31.0% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the information services provider’s stock valued at $168,000 after buying an additional 13,200 shares during the last quarter. 20.99% of the stock is currently owned by hedge funds and other institutional investors.
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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