PFSweb Inc. (PFSW) Hits New 1-Year Low at $9.01
PFSweb Inc. (NASDAQ:PFSW)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $9.01 and last traded at $9.02, with a volume of 69,967 shares. The stock had previously closed at $9.26.
A number of equities analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 target price on shares of PFSweb in a report on Tuesday, August 9th. B. Riley reiterated a “buy” rating and issued a $18.00 price target on shares of PFSweb in a research note on Wednesday, August 10th. Zacks Investment Research lowered PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Cowen and Company initiated coverage on PFSweb in a research note on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Lake Street Capital cut their price target on PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. PFSweb presently has a consensus rating of “Buy” and a consensus price target of $17.14.
The firm’s 50-day moving average price is $9.77 and its 200 day moving average price is $11.62. The stock’s market capitalization is $168.86 million.
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PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $77.20 million for the quarter, compared to analyst estimates of $70.74 million. PFSweb had a negative net margin of 2.30% and a negative return on equity of 6.67%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts forecast that PFSweb Inc. will post $0.32 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of PFSweb by 107.3% in the first quarter. Wellington Management Group LLP now owns 1,941,600 shares of the company’s stock worth $25,474,000 after buying an additional 1,004,800 shares during the period. Wedge Capital Management L L P NC increased its position in PFSweb by 6,161.5% in the second quarter. Wedge Capital Management L L P NC now owns 1,383,800 shares of the company’s stock worth $48,724,000 after buying an additional 1,361,700 shares in the last quarter. Vanguard Group Inc. increased its position in PFSweb by 17.4% in the second quarter. Vanguard Group Inc. now owns 567,008 shares of the company’s stock worth $5,386,000 after buying an additional 83,976 shares in the last quarter. Dimensional Fund Advisors LP increased its position in PFSweb by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 548,428 shares of the company’s stock worth $5,210,000 after buying an additional 46,865 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in PFSweb by 21.4% in the second quarter. BlackRock Fund Advisors now owns 383,264 shares of the company’s stock worth $3,641,000 after buying an additional 67,471 shares in the last quarter. 64.24% of the stock is currently owned by hedge funds and other institutional investors.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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