Zacks Investment Research upgraded shares of CafePress Inc. (NASDAQ:PRSS) from a sell rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “CafePress, Inc. provides an e-commerce platform empowering individuals, groups, businesses and organizations to create, buy and sell customized and personalized products online. The Company’s portfolio of brands includes CafePress.com, Canvas On Demand, ImageKind, CafePress Pro, and Canvas On Demand Pro. It markets its services worldwide. CafePress, Inc. is headquartered in San Mateo, California. “
Separately, Cantor Fitzgerald restated a neutral rating and issued a $3.50 price objective on shares of CafePress in a report on Wednesday, March 8th.
CafePress (NASDAQ PRSS) traded up 1.65% on Wednesday, hitting $2.46. 8,016 shares of the stock were exchanged. The firm’s market cap is $41.05 million. The stock’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.96. CafePress has a 52-week low of $2.36 and a 52-week high of $3.72.
In other news, CEO Fred E. Durham III bought 31,518 shares of the company’s stock in a transaction on Friday, May 5th. The stock was bought at an average cost of $2.70 per share, with a total value of $85,098.60. Following the transaction, the chief executive officer now directly owns 2,308,120 shares in the company, valued at approximately $6,231,924. 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 bought 15,822 shares of the company’s stock in a transaction on Thursday, April 13th. The stock was purchased at an average cost of $2.80 per share, with a total value of $44,301.60. Following the completion of the transaction, the insider now owns 1,233,500 shares in the company, valued at $3,453,800. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 243,215 shares of company stock valued at $633,293. 28.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased 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. Renaissance Technologies LLC increased its position in CafePress by 8.3% in the first quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock valued at $1,782,000 after buying an additional 45,000 shares in the last quarter. Spark Investment Management LLC increased 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. Finally, Blackhill Capital Inc. increased 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. 13.69% of the stock is owned by institutional investors.
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.
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