CafePress (NASDAQ:PRSS) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
Separately, Zacks Investment Research lowered shares of CafePress from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.
CafePress (NASDAQ:PRSS) traded up $0.04 during mid-day trading on Friday, reaching $1.85. 44,964 shares of the company’s stock traded hands, compared to its average volume of 23,909. CafePress has a fifty-two week low of $1.67 and a fifty-two week high of $3.72.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in CafePress by 8.3% during the 1st quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock valued at $1,782,000 after purchasing an additional 45,000 shares during the period. Goldman Sachs Group Inc. lifted its stake in CafePress by 68.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock valued at $150,000 after acquiring an additional 20,066 shares during the period. Finally, Spark Investment Management LLC lifted its stake in CafePress by 37.8% during the 2nd quarter. Spark Investment Management LLC now owns 76,900 shares of the information services provider’s stock valued at $190,000 after acquiring an additional 21,100 shares during the period. Hedge funds and other institutional investors own 26.75% of the company’s stock.
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CafePress Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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