PFSweb, Inc. (NASDAQ:PFSW) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders. “

Separately, B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of PFSweb in a report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. PFSweb currently has a consensus rating of “Buy” and a consensus price target of $12.79.

Shares of PFSweb (NASDAQ:PFSW) traded down 0.24% during trading on Thursday, hitting $8.22. 32,365 shares of the company traded hands. The stock’s market capitalization is $154.77 million. The company has a 50-day moving average of $7.75 and a 200-day moving average of $7.43. PFSweb has a 52-week low of $5.83 and a 52-week high of $11.21.

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In related news, EVP Cynthia D. Almond sold 57,654 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the completion of the transaction, the executive vice president now directly owns 77,863 shares of the company’s stock, valued at $622,904. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Reilly sold 4,255 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $6.95, for a total value of $29,572.25. Following the completion of the transaction, the director now directly owns 26,383 shares of the company’s stock, valued at $183,361.85. The disclosure for this sale can be found here. Insiders sold 70,072 shares of company stock valued at $548,881 over the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Engine Capital Management LLC increased its position in shares of PFSweb by 8,310.8% in the first quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock worth $5,497,000 after buying an additional 831,747 shares during the period. AWM Investment Company Inc. increased its position in shares of PFSweb by 0.9% in the first quarter. AWM Investment Company Inc. now owns 1,560,394 shares of the business services provider’s stock worth $10,189,000 after buying an additional 14,656 shares during the period. UBS Group AG increased its position in shares of PFSweb by 194.9% in the first quarter. UBS Group AG now owns 50,895 shares of the business services provider’s stock worth $333,000 after buying an additional 33,637 shares during the period. Dimensional Fund Advisors LP increased its position in shares of PFSweb by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock worth $3,585,000 after buying an additional 15,789 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in shares of PFSweb by 105.3% in the first quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock worth $447,000 after buying an additional 35,118 shares during the period. 68.33% of the stock is 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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Analyst Recommendations for PFSweb (NASDAQ:PFSW)

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