AWM Investment Company Inc. boosted its position in PFSweb, Inc. (NASDAQ:PFSW) by 64.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,832,185 shares of the business services provider’s stock after purchasing an additional 719,182 shares during the period. AWM Investment Company Inc. owned about 9.44% of PFSweb worth $7,420,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Teton Advisors Inc. grew its stake in PFSweb by 11.6% in the 2nd quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock worth $1,633,000 after acquiring an additional 42,000 shares during the period. Acadian Asset Management LLC grew its stake in PFSweb by 4.1% in the 2nd quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock worth $582,000 after acquiring an additional 5,672 shares during the period. Alambic Investment Management L.P. grew its stake in PFSweb by 74.7% in the 1st quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock worth $647,000 after acquiring an additional 53,096 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in PFSweb in the 2nd quarter worth approximately $449,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in PFSweb by 8.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,250 shares of the business services provider’s stock worth $163,000 after acquiring an additional 3,150 shares during the period. Institutional investors own 57.02% of the company’s stock.
Several brokerages have recently issued reports on PFSW. TheStreet cut shares of PFSweb from a “c-” rating to a “d” rating in a research note on Friday, May 10th. Needham & Company LLC set a $5.00 price objective on shares of PFSweb and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $8.44.
PFSweb stock traded down $0.01 during trading on Wednesday, reaching $2.13. 800 shares of the company’s stock were exchanged, compared to its average volume of 55,475. PFSweb, Inc. has a 52-week low of $2.03 and a 52-week high of $8.88. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.04 and a current ratio of 1.13. The firm has a market cap of $41.39 million, a price-to-earnings ratio of 8.52 and a beta of 0.79. The company’s 50-day moving average is $3.07 and its two-hundred day moving average is $4.32.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.01) EPS for the quarter. PFSweb had a return on equity of 10.54% and a net margin of 0.15%. The firm had revenue of $68.51 million during the quarter.
PFSweb Profile
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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