TheStreet cut shares of PFSweb (NASDAQ:PFSW) from a c- rating to a d rating in a research note issued to investors on Friday, May 10th, TheStreetRatingsTable reports.
Several other research analysts have also issued reports on the stock. Needham & Company LLC restated a buy rating and issued a $9.00 price target (down previously from $12.00) on shares of PFSweb in a research report on Tuesday, March 19th. Lake Street Capital set a $10.00 target price on shares of PFSweb and gave the company a buy rating in a research report on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine upgraded PFSweb from a sell rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research upgraded PFSweb from a hold rating to a buy rating and set a $6.75 price objective for the company in a report on Thursday, January 10th. Finally, Craig Hallum downgraded PFSweb from a buy rating to a hold rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. PFSweb presently has an average rating of Buy and a consensus price target of $9.44.
PFSW stock traded up $0.02 during midday trading on Friday, reaching $3.96. The stock had a trading volume of 66 shares, compared to its average volume of 64,343. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.14. PFSweb has a 52-week low of $3.86 and a 52-week high of $11.86. The firm has a market capitalization of $77.27 million, a P/E ratio of 13.66 and a beta of 0.46.
PFSweb (NASDAQ:PFSW) last released its earnings results on Monday, March 18th. The business services provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. The firm had revenue of $92.99 million for the quarter, compared to analyst estimates of $92.24 million. PFSweb had a net margin of 0.25% and a return on equity of 12.07%.
In other PFSweb news, Director Benjamin L. Rosenzweig bought 6,868 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of $5.04 per share, for a total transaction of $34,614.72. Following the transaction, the director now directly owns 6,868 shares in the company, valued at $34,614.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin L. Rosenzweig bought 9,868 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $5.02 per share, for a total transaction of $49,537.36. Following the completion of the transaction, the director now owns 6,868 shares in the company, valued at $34,477.36. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of PFSweb during the fourth quarter worth about $58,000. Rhumbline Advisers raised its stake in shares of PFSweb by 52.7% during the 4th quarter. Rhumbline Advisers now owns 19,506 shares of the business services provider’s stock worth $100,000 after purchasing an additional 6,728 shares in the last quarter. Marshall Wace LLP bought a new position in shares of PFSweb during the 1st quarter valued at $104,000. Bank of America Corp DE raised its holdings in 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 valued at $105,000 after buying an additional 6,052 shares in the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new position in shares of PFSweb in the 1st quarter valued at approximately $114,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.
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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