TheStreet cut shares of PFSweb (NASDAQ:PFSW) from a c- rating to a d rating in a research note published on Friday, May 10th, TheStreetRatingsTable reports.
A number of other research analysts have also weighed in on the stock. Craig Hallum lowered shares of PFSweb from a buy rating to a hold rating in a report on Tuesday, March 19th. Lake Street Capital set a $10.00 price objective on shares of PFSweb and gave the stock a buy rating in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Needham & Company LLC reiterated a buy rating and set a $9.00 target price (down from $12.00) on shares of PFSweb in a research report on Tuesday, March 19th. ValuEngine upgraded PFSweb from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded PFSweb from a hold rating to a buy rating and set a $6.75 price objective for the company in a report on Thursday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PFSweb has an average rating of Buy and an average price target of $9.44.
NASDAQ PFSW opened at $3.94 on Friday. PFSweb has a 12 month low of $3.86 and a 12 month high of $11.86. The company has a market cap of $77.27 million, a price-to-earnings ratio of 13.59 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 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. PFSweb had a net margin of 0.25% and a return on equity of 12.07%. The company had revenue of $92.99 million for the quarter, compared to analysts’ expectations of $92.24 million.
In other news, Director Benjamin L. Rosenzweig bought 6,868 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of $5.04 per share, for a total transaction of $34,614.72. Following the completion of the transaction, the director now directly owns 6,868 shares in the company, valued at $34,614.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin L. Rosenzweig purchased 9,868 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average cost of $5.02 per share, with a total value of $49,537.36. Following the completion of the acquisition, the director now directly owns 6,868 shares of the company’s stock, valued at approximately $34,477.36. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in PFSweb by 23.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 105,018 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 20,236 shares during the last quarter. BlackRock Inc. grew its holdings in shares of 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 during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 during the period. Renaissance Technologies LLC boosted its holdings in PFSweb by 4.4% during the 3rd quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock valued at $4,951,000 after acquiring an additional 27,900 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in PFSweb by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock valued at $6,649,000 after acquiring an additional 34,480 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.
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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