Other analysts have also issued research reports about the stock. Needham & Company LLC restated a buy rating and issued a $9.00 target price (down previously from $12.00) on shares of PFSweb in a research report on Tuesday, March 19th. Zacks Investment Research upgraded shares of PFSweb from a hold rating to a buy rating and set a $6.75 target price on the stock in a research report on Thursday, January 10th. Lake Street Capital set a $10.00 price target on shares of PFSweb and gave the stock a buy rating in a report on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of PFSweb from a sell rating to a hold rating in a report on Monday, February 4th. Finally, Craig Hallum lowered shares of 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 given a buy rating to the company. PFSweb currently has a consensus rating of Buy and an average price target of $9.44.
Shares of PFSW stock opened at $3.94 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 1.21. The company has a market cap of $77.27 million, a price-to-earnings ratio of 13.59 and a beta of 0.46. PFSweb has a 12-month low of $3.86 and a 12-month high of $11.86.
PFSweb (NASDAQ:PFSW) last announced its earnings results on Monday, March 18th. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The company had revenue of $92.99 million for the quarter, compared to analysts’ expectations of $92.24 million. PFSweb had a net margin of 0.25% and a return on equity of 12.07%.
In related news, Director Benjamin L. Rosenzweig bought 6,868 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $5.04 per share, for a total transaction of $34,614.72. Following the completion of the purchase, the director now directly owns 6,868 shares in the company, valued at $34,614.72. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin L. Rosenzweig bought 9,868 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of $5.02 per share, for a total transaction of $49,537.36. Following the acquisition, the director now directly owns 6,868 shares in the company, valued at approximately $34,477.36. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of PFSweb during the 4th quarter valued at $58,000. Rhumbline Advisers lifted its position in shares of PFSweb by 52.7% in 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 during the period. Marshall Wace LLP purchased a new stake in shares of PFSweb in the 1st quarter worth about $104,000. Bank of America Corp DE lifted its position in shares of PFSweb by 41.7% in the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after purchasing an additional 6,052 shares during the period. Finally, Hollow Brook Wealth Management LLC purchased a new stake in shares of PFSweb in the 1st quarter worth about $114,000. 57.92% 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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