$19.87 Million in Sales Expected for CafePress Inc. (PRSS) This Quarter
Equities analysts forecast that CafePress Inc. (NASDAQ:PRSS) will announce $19.87 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CafePress’ earnings. The highest sales estimate is $20.10 million and the lowest is $19.63 million. CafePress posted sales of $19.84 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that CafePress will report full-year sales of $19.87 million for the current fiscal year, with estimates ranging from $104.38 million to $104.50 million. For the next financial year, analysts anticipate that the company will post sales of $111.33 million per share, with estimates ranging from $109.66 million to $113.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover CafePress.
Separately, Zacks Investment Research cut CafePress from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
In other CafePress news, major shareholder Lloyd I. Miller III acquired 10,101 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average price of $2.54 per share, with a total value of $25,656.54. Following the transaction, the insider now owns 1,233,500 shares of the company’s stock, valued at $3,133,090. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lloyd I. Miller III acquired 111,900 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average cost of $2.61 per share, with a total value of $292,059.00. Following the transaction, the insider now directly owns 1,233,500 shares in the company, valued at approximately $3,219,435. The disclosure for this purchase can be found here. Insiders have purchased a total of 216,735 shares of company stock valued at $559,149 in the last three months. 28.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Blackhill Capital Inc. boosted its position in CafePress by 7.1% in the first quarter. Blackhill Capital Inc. now owns 68,156 shares of the information services provider’s stock valued at $206,000 after buying an additional 4,506 shares in the last quarter. 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 in 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 in the last quarter. Finally, 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 in the last quarter. 13.69% of the stock is owned by institutional investors and hedge funds.
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Shares of CafePress (PRSS) traded down 0.41% during midday trading on Thursday, hitting $2.45. The company had a trading volume of 637 shares. The company’s 50 day moving average is $2.48 and its 200 day moving average is $2.90. CafePress has a one year low of $2.27 and a one year high of $3.72. The firm’s market cap is $40.88 million.
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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