TheStreet lowered shares of PFSweb (NASDAQ:PFSW) from a c- rating to a d rating in a report published on Friday morning, TheStreetRatingsTable reports.
PFSW has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a buy rating and set a $9.00 target price (down previously from $12.00) on shares of PFSweb in a report on Tuesday, March 19th. Lake Street Capital set a $10.00 target price on PFSweb and gave the stock a buy rating in a report on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine raised PFSweb from a sell rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research raised PFSweb from a hold rating to a buy rating and set a $6.75 target price for the company in a report on Thursday, January 10th. Finally, Craig Hallum downgraded PFSweb from a buy rating to a hold rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $9.44.
Shares of NASDAQ PFSW opened at $3.97 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.28 and a quick ratio of 1.21. The stock has a market capitalization of $80.79 million, a price-to-earnings ratio of 13.69 and a beta of 0.46. PFSweb has a fifty-two week low of $3.87 and a fifty-two week high of $11.86.
PFSweb (NASDAQ:PFSW) last issued its quarterly 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 12.24% and a net margin of 0.25%.
In related news, Director Benjamin L. Rosenzweig purchased 9,868 shares of PFSweb stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average cost of $5.02 per share, for a total transaction of $49,537.36. Following the completion of the transaction, the director now owns 6,868 shares in the company, valued at $34,477.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin L. Rosenzweig purchased 6,868 shares of PFSweb stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of $5.04 per share, with a total value of $34,614.72. Following the completion of the transaction, the director now owns 6,868 shares of the company’s stock, valued at approximately $34,614.72. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of PFSweb in the fourth quarter valued at approximately $58,000. Rhumbline Advisers boosted its stake in shares of PFSweb by 52.7% in the fourth quarter. Rhumbline Advisers now owns 19,506 shares of the business services provider’s stock worth $100,000 after acquiring an additional 6,728 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of PFSweb by 41.7% in the fourth quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after acquiring an additional 6,052 shares during the last quarter. Hollow Brook Wealth Management LLC acquired a new stake in shares of PFSweb in the first quarter worth approximately $114,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of PFSweb by 7.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock worth $193,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.
About PFSweb
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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