Shares of PFSweb, Inc. (NASDAQ:PFSW) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.44.
Several equities analysts have recently commented on the company. TheStreet lowered PFSweb from a “c-” rating to a “d” rating in a research note on Friday, May 10th. Craig Hallum lowered PFSweb from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Lake Street Capital set a $10.00 price target on PFSweb and gave the company a “buy” rating in a research note on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine upgraded PFSweb from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 price target (down previously from $12.00) on shares of PFSweb in a research note on Tuesday, March 19th.
Shares of NASDAQ:PFSW traded down $0.12 on Monday, hitting $3.98. 73,356 shares of the company’s stock were exchanged, compared to its average volume of 72,858. PFSweb has a 12 month low of $3.87 and a 12 month high of $11.86. The company has a market cap of $77.25 million, a price-to-earnings ratio of 13.72 and a beta of 0.46. The company has a current ratio of 1.14, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51.
PFSweb (NASDAQ:PFSW) last released its earnings results on Monday, March 18th. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $92.99 million during the quarter, compared to the consensus estimate of $92.24 million. PFSweb had a return on equity of 12.07% and a net margin of 0.25%.
In related news, Director Benjamin L. Rosenzweig bought 6,868 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $5.04 per share, for a total transaction of $34,614.72. Following the completion of the purchase, the director now directly owns 6,868 shares of the company’s stock, valued at $34,614.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin L. Rosenzweig bought 9,868 shares of the business’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of $5.02 per share, for a total transaction of $49,537.36. Following the purchase, the director now directly owns 6,868 shares of the company’s stock, valued at $34,477.36. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PFSW. Bank of New York Mellon Corp lifted its holdings in shares of PFSweb by 23.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 105,018 shares of the business services provider’s stock worth $777,000 after acquiring an additional 20,236 shares during the period. BlackRock Inc. increased its position in PFSweb by 0.8% during the 3rd quarter. BlackRock Inc. now owns 1,039,341 shares of the business services provider’s stock worth $7,691,000 after purchasing an additional 8,291 shares in the last quarter. Dimensional Fund Advisors LP increased its position in PFSweb by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the business services provider’s stock worth $5,062,000 after purchasing an additional 36,808 shares in the last quarter. Renaissance Technologies LLC increased its position in PFSweb by 4.4% during the 3rd quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock worth $4,951,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in PFSweb by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock worth $6,649,000 after purchasing an additional 34,480 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.
PFSweb Company 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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