TheStreet lowered shares of PFSweb (NASDAQ:PFSW) from a c- rating to a d rating in a report issued on Friday, TheStreetRatingsTable reports.
Other equities research analysts have also recently issued research reports about the stock. Craig Hallum cut shares of 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 objective on shares of PFSweb and gave the stock a buy rating in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a buy rating and set a $9.00 price objective (down previously from $12.00) on shares of PFSweb in a research note on Tuesday, March 19th. Zacks Investment Research raised shares of PFSweb from a hold rating to a buy rating and set a $6.75 price objective on the stock in a research note on Thursday, January 10th. Finally, ValuEngine raised shares of PFSweb from a sell rating to a hold rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $9.44.
PFSW opened at $3.97 on Friday. PFSweb has a 12-month low of $3.87 and a 12-month high of $11.86. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 0.84. The company has a market cap of $80.79 million, a price-to-earnings ratio of 13.69 and a beta of 0.46.
PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Monday, March 18th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. PFSweb had a net margin of 0.25% and a return on equity of 12.24%. The company had revenue of $92.99 million during the quarter, compared to analyst estimates of $92.24 million.
In other PFSweb news, Director Benjamin L. Rosenzweig bought 6,868 shares of the stock in a transaction 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 purchase, the director now directly owns 6,868 shares in the company, valued at approximately $34,614.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin L. Rosenzweig bought 9,868 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of $5.02 per share, for a total transaction of $49,537.36. Following the purchase, the director now owns 6,868 shares in the company, valued at $34,477.36. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PFSW. Bank of New York Mellon Corp raised its position in PFSweb by 23.9% during the third quarter. Bank of New York Mellon Corp now owns 105,018 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 20,236 shares in the last quarter. BlackRock Inc. lifted its position in PFSweb by 0.8% during the 3rd quarter. BlackRock Inc. now owns 1,039,341 shares of the business services provider’s stock valued at $7,691,000 after acquiring an additional 8,291 shares during the period. Dimensional Fund Advisors LP raised its holdings in PFSweb by 5.7% in the third quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the business services provider’s stock worth $5,062,000 after buying an additional 36,808 shares during the last quarter. Renaissance Technologies LLC raised its holdings in PFSweb by 4.4% in the third quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock worth $4,951,000 after buying an additional 27,900 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in PFSweb by 4.0% in the third quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock worth $6,649,000 after buying an additional 34,480 shares during the last quarter. 58.62% of the stock is currently owned by institutional investors.
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.
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