PFSweb, Inc. (NASDAQ:PFSW) Receives Average Recommendation of “Buy” from Analysts
PFSweb, Inc. (NASDAQ:PFSW) has been given an average rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.50.
Several research firms have recently issued reports on PFSW. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of PFSweb in a research report on Sunday, May 14th. Zacks Investment Research upgraded shares of PFSweb from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th.
PFSweb (NASDAQ:PFSW) traded up 5.30% during trading on Tuesday, reaching $7.75. 68,450 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $7.89 and its 200-day moving average is $7.39. The company’s market cap is $145.92 million. PFSweb has a 12-month low of $5.83 and a 12-month high of $11.21.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $78.07 million for the quarter, compared to analysts’ expectations of $77.13 million. PFSweb had a negative net margin of 3.44% and a negative return on equity of 1.34%. Analysts predict that PFSweb will post $0.36 EPS for the current fiscal year.
In related news, EVP Cynthia D. Almond sold 57,654 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Travis Hess sold 3,908 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $7.00, for a total transaction of $27,356.00. Following the completion of the transaction, the insider now directly owns 1,017 shares of the company’s stock, valued at $7,119. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,072 shares of company stock worth $548,881. Company insiders own 5.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the business services provider’s stock worth $1,590,000 after buying an additional 10,345 shares during the period. Teachers Advisors LLC raised its position in PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after buying an additional 14,524 shares during the period. Mesirow Financial Investment Management Equity Management raised its position in PFSweb by 47.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 32,950 shares of the business services provider’s stock worth $215,000 after buying an additional 10,570 shares during the period. Teton Advisors Inc. raised its position in PFSweb by 13.7% in the first quarter. Teton Advisors Inc. now owns 283,441 shares of the business services provider’s stock worth $1,851,000 after buying an additional 34,169 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after buying an additional 4,811 shares during the period. 68.86% of the stock is owned by hedge funds and other institutional investors.
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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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