A number of other large investors have also recently made changes to their positions in PFSW. GSA Capital Partners LLP raised its stake in PFSweb by 31.7% during the 2nd quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 3,200 shares during the period. Marshall Wace LLP acquired a new position in shares of PFSweb in the first quarter worth $104,000. Bank of America Corp DE increased 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 position in shares of PFSweb in the first quarter worth $114,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in PFSweb by 8.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,250 shares of the business services provider’s stock worth $163,000 after purchasing an additional 3,150 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors.
In other news, CFO Thomas J. Madden acquired 15,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $2.14 per share, with a total value of $32,100.00. Following the completion of the acquisition, the chief financial officer now owns 198,380 shares in the company, valued at approximately $424,533.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 21,000 shares of company stock valued at $46,875. Company insiders own 6.50% of the company’s stock.
Shares of PFSW opened at $2.39 on Thursday. The company has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $4.17. The firm has a market capitalization of $46.54 million, a P/E ratio of 9.58 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.04 and a current ratio of 1.13. PFSweb, Inc. has a 52 week low of $2.03 and a 52 week high of $8.77.
PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $68.51 million during the quarter. PFSweb had a return on equity of 10.54% and a net margin of 0.15%.
A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Needham & Company LLC set a $5.00 price target on shares of PFSweb and gave the company a “buy” rating in a report on Friday, August 9th. 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’s stock. PFSweb presently has a consensus rating of “Buy” and an average price target of $8.44.
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.
Featured Article: Book Value Per Share – BVPS
Receive News & Ratings for PFSweb Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PFSweb and related companies with MarketBeat.com’s FREE daily email newsletter.