PFSweb, Inc. (NASDAQ:PFSW) Short Interest Update


PFSweb, Inc. (NASDAQ:PFSW) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,011,000 shares, an increase of 59.2% from the May 30th total of 634,900 shares. Based on an average daily trading volume, of 90,000 shares, the short-interest ratio is currently 11.2 days. Approximately 7.2% of the company’s stock are sold short.

Shares of PFSweb stock opened at $3.79 on Monday. The company has a market capitalization of $74.36 million, a P/E ratio of 13.68 and a beta of 0.66. The firm’s 50 day moving average is $3.92. PFSweb has a twelve month low of $3.29 and a twelve month high of $10.11. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51.

PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $72.15 million for the quarter. PFSweb had a net margin of 0.25% and a return on equity of 12.07%.

Several brokerages have recently issued reports on PFSW. TheStreet downgraded shares of PFSweb from a “c-” rating to a “d” rating in a research note on Friday, May 10th. ValuEngine upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PFSweb presently has an average rating of “Buy” and an average price target of $9.44.

A number of institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 valued at $193,000 after purchasing an additional 2,700 shares during the period. Dimensional Fund Advisors LP lifted its position in PFSweb by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,076 shares of the business services provider’s stock valued at $3,525,000 after purchasing an additional 2,960 shares during the period. BlackRock Inc. raised its position in PFSweb by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock worth $5,362,000 after acquiring an additional 5,918 shares during the period. Bank of America Corp DE raised its position in 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 period. Finally, Acadian Asset Management LLC raised its position in PFSweb by 4.8% in the first quarter. Acadian Asset Management LLC now owns 138,028 shares of the business services provider’s stock worth $719,000 after acquiring an additional 6,295 shares during the period. Institutional investors own 57.65% of the company’s stock.

PFSweb Company 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.

Recommended Story: Asset Allocation Models, Which is Right For You?



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.



Source link

WP Twitter Auto Publish Powered By : XYZScripts.com
Exit mobile version