Insider Selling: Austin & Greenhouse Da Marxe Sells 75,093 Shares of PFSweb Stock (PFSW)
PFSweb (NASDAQ:PFSW) major shareholder Austin & Greenhouse Da Marxe unloaded 75,093 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $7.40, for a total value of $555,688.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Analysts at Lake Street Capital initiated coverage on shares of PFSweb in a research note to investors on Monday, July 15th. They set a “buy” rating on the stock.
Shares of PFSweb (NASDAQ:PFSW) traded down 5.02% on Tuesday, hitting $7.00. 205,047 shares of the company’s stock traded hands. PFSweb has a 52 week low of $2.14 and a 52 week high of $7.65. The stock’s 50-day moving average is $5.43 and its 200-day moving average is $4.47. The company’s market cap is $112.7 million.
PFSweb (NASDAQ:PFSW) last released its earnings data on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.14. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $50.40 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, analysts predict that PFSweb will post $-0.41 earnings per share for the current fiscal year.
PFSweb, Inc (NASDAQ:PFSW) is an international business process outsourcing provider of eCommerce solutions.
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