Notable Mover: What’s CafePress Inc Downside After Achieving 1 Year Low?

Notable Mover: What's CafePress Inc Downside After Achieving 1 Year Low?

The stock of CafePress Inc (NASDAQ:PRSS) hit a new 52-week low and has $2.52 target or 13.00% below today’s $2.90 share price. The 8 months bearish chart indicates high risk for the $46.80 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $2.52 price target is reached, the company will be worth $6.08M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 22,377 shares traded hands or 200.73% up from the average. CafePress Inc (NASDAQ:PRSS) has declined 22.55% since April 12, 2016 and is downtrending. It has underperformed by 27.53% the S&P500.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.33, from 1 in 2016Q1. The ratio is negative, as 1 funds sold all CafePress Inc shares owned while 8 reduced positions. 3 funds bought stakes while 3 increased positions. They now own 2.61 million shares or 12.48% less from 2.98 million shares in 2016Q1.
Morgan Stanley holds 658 shares or 0% of its portfolio. Bridgeway Mngmt Incorporated accumulated 161,188 shares or 0.01% of the stock. Blackrock Group Limited has invested 0% of its portfolio in CafePress Inc (NASDAQ:PRSS). Renaissance Technology Lc last reported 0% of its portfolio in the stock. Blackrock Invest Lc holds 0% or 1,105 shares in its portfolio. Bancshares Of America De accumulated 31 shares or 0% of the stock. Raymond James Fincl Ser Advsr owns 13,272 shares or 0% of their US portfolio. Manufacturers Life Co The has invested 0% of its portfolio in CafePress Inc (NASDAQ:PRSS). Royal Bancshares Of Canada accumulated 1 shares or 0% of the stock. California Public Employees Retirement accumulated 0% or 19,500 shares. Dimensional Fund Advisors L P last reported 0% of its portfolio in the stock. Moreover, Lpl Limited Co has 0% invested in CafePress Inc (NASDAQ:PRSS) for 34,345 shares. Sc Xi Management Limited Liability Co has 1.45 million shares for 100% of their US portfolio. Spark Investment Limited Liability Com has invested 0.02% of its portfolio in CafePress Inc (NASDAQ:PRSS). Blackhill Incorporated, a New Jersey-based fund reported 5,000 shares.

Insider Transactions: Since May 23, 2016, the stock had 30 buys, and 0 selling transactions for $434,519 net activity. 306 shares were bought by Jain Maheesh, worth $918. Shares for $79,360 were bought by MILLER LLOYD I III. 3,000 shares were bought by Durham Fred E. III, worth $8,976 on Thursday, August 18.

More news for CafePress Inc (NASDAQ:PRSS) were recently published by: Marketwatch.com, which released: “CafePress Inc.” on March 29, 2012. Quotes.Wsj.com‘s article titled: “CafePress Inc. PRSS (US: Nasdaq)” and published on March 30, 2012 is yet another important article.

PRSS Company Profile

CafePress Inc., incorporated on January 19, 2005, 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 Firm conducts its business on its primary United States domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia. It also sells CafePress branded products through other online retail partners. The Company’s products are customized with creates contributed through various means, including crowd-sourced user generated content, stock art licenses and licensed content relationships with entertainment companies and brands. The Company’s facility in Louisville, Kentucky has technology and manufacturing processes that enables it to provide customized products that are individually built to order. The Company’s processes enable it to produce a range of merchandise.

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