A number of other hedge funds have also recently made changes to their positions in PFSW. Acadian Asset Management LLC grew its position in PFSweb by 4.1% in the 2nd quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock valued at $582,000 after acquiring an additional 5,672 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of PFSweb by 8.5% during 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 buying an additional 3,150 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of PFSweb by 31.7% during the second quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock worth $54,000 after buying an additional 3,200 shares in the last quarter. Teton Advisors Inc. grew its position in shares of PFSweb by 11.6% during the second quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock worth $1,633,000 after buying an additional 42,000 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of PFSweb during the second quarter worth about $449,000. Institutional investors own 57.02% of the company’s stock.
NASDAQ PFSW traded down $0.01 on Thursday, reaching $2.50. The stock had a trading volume of 44,123 shares, compared to its average volume of 54,364. 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 12-month low of $2.03 and a 12-month high of $8.43. The business’s 50-day moving average price is $2.69 and its 200 day moving average price is $4.05. The stock has a market cap of $56.94 million, a P/E ratio of 11.72 and a beta of 0.79.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter. PFSweb had a net margin of 0.15% and a return on equity of 10.54%. The firm had revenue of $68.51 million during the quarter.
A number of equities analysts have recently commented on PFSW shares. Needham & Company LLC set a $5.00 price objective on PFSweb and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, B. Riley restated a “buy” rating and set a $4.50 target price on shares of PFSweb in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $6.56.
In other PFSweb news, CFO Thomas J. Madden acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased 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 directly owns 198,380 shares of the company’s stock, valued at approximately $424,533.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael C. Willoughby acquired 11,605 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $2.57 per share, for a total transaction of $29,824.85. Following the acquisition, the chief executive officer now directly owns 237,267 shares of the company’s stock, valued at $609,776.19. The disclosure for this purchase can be found here. Insiders have bought 83,051 shares of company stock valued at $212,765 in the last 90 days. Company insiders own 6.50% of the company’s stock.
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.
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