CafePress Inc. (PRSS) Posts Earnings Results, Misses Expectations By $0.09 EPS
CafePress Inc. (NASDAQ:PRSS) issued its earnings results on Thursday. The information services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.09), Bloomberg Earnings reports. CafePress had a negative net margin of 7.11% and a negative return on equity of 14.00%.
Shares of CafePress (NASDAQ PRSS) traded down $0.23 on Friday, hitting $1.74. 119,747 shares of the stock were exchanged, compared to its average volume of 45,024.
A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of CafePress from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of CafePress from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
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In other CafePress news, major shareholder Sequoia Capital Enterpreneurs sold 33,525 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $1.56, for a total value of $52,299.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sc Xi Management Llc sold 23,867 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $2.19, for a total transaction of $52,268.73. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 203,385 shares of company stock valued at $392,837 and have sold 2,926,650 shares valued at $5,125,769. Corporate insiders own 17.30% of the company’s stock.
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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