PFSweb, Inc. (NASDAQ:PFSW) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 876,900 shares, an increase of 47.1% from the April 30th total of 596,300 shares. Approximately 6.2% of the company’s stock are sold short. Based on an average trading volume of 76,000 shares, the short-interest ratio is presently 11.5 days.
In other PFSweb news, Director Benjamin L. Rosenzweig purchased 9,868 shares of the business’s stock in a transaction on Monday, March 25th. The shares were bought at an average cost of $5.02 per share, for a total transaction of $49,537.36. Following the completion of the purchase, the director now directly 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 this hyperlink. Also, Director Benjamin L. Rosenzweig purchased 6,868 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was acquired 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 owns 6,868 shares of the company’s stock, valued at $34,614.72. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 18,971 shares of company stock worth $93,292. Insiders own 6.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of PFSweb by 7.8% during 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 purchasing an additional 2,700 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PFSweb by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,076 shares of the business services provider’s stock worth $3,525,000 after purchasing an additional 2,960 shares during the last quarter. BlackRock Inc. grew its holdings in shares of PFSweb by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock worth $5,362,000 after purchasing an additional 5,918 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of PFSweb by 41.7% during the fourth quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after purchasing an additional 6,052 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of PFSweb by 5.0% during the fourth quarter. Acadian Asset Management LLC now owns 131,733 shares of the business services provider’s stock worth $676,000 after purchasing an additional 6,277 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on PFSW. Craig Hallum cut 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. Needham & Company LLC restated a “buy” rating and issued a $9.00 price target (down from $12.00) on shares of PFSweb in a research note on Tuesday, March 19th. TheStreet cut PFSweb from a “c-” rating to a “d” rating in a research note on Friday, May 10th. Finally, ValuEngine cut PFSweb from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. PFSweb has a consensus rating of “Buy” and a consensus target price of $9.44.
PFSweb stock traded down $0.07 during midday trading on Monday, reaching $3.70. The company’s stock had a trading volume of 55,600 shares, compared to its average volume of 64,242. PFSweb has a fifty-two week low of $3.50 and a fifty-two week high of $10.79. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The stock has a market cap of $73.19 million, a P/E ratio of 13.46 and a beta of 0.62. The stock’s 50-day moving average is $4.04.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $72.15 million for the quarter. PFSweb had a return on equity of 12.07% and a net margin of 0.25%.
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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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