PFSweb, Inc. (PFSW) Announces Quarterly Earnings Results, Hits Estimates
PFSweb, Inc. (NASDAQ:PFSW) posted its quarterly earnings results on Monday. The business services provider reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03), Morningstar.com reports. The firm had revenue of $78.07 million for the quarter, compared to analyst estimates of $77.13 million. PFSweb had a negative return on equity of 1.34% and a negative net margin of 3.44%.
PFSweb (NASDAQ PFSW) traded up 6.3519% on Tuesday, reaching $7.8275. The company had a trading volume of 27,896 shares. PFSweb has a 12 month low of $5.83 and a 12 month high of $11.21. The firm has a 50 day moving average price of $7.89 and a 200-day moving average price of $7.39. The stock’s market capitalization is $147.38 million.
In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of PFSweb stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $8.00, for a total transaction of $461,232.00. Following the transaction, the executive vice president now directly owns 77,863 shares in the company, valued at $622,904. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James F. Reilly sold 4,255 shares of PFSweb stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $6.95, for a total value of $29,572.25. Following the transaction, the director now owns 26,383 shares in the company, valued at $183,361.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,072 shares of company stock worth $548,881. Corporate insiders own 5.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $153,000 after buying an additional 4,811 shares in the last quarter. Trexquant Investment LP acquired a new position in PFSweb during the first quarter valued at $185,000. 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 valued at $215,000 after buying an additional 10,570 shares in the last quarter. Oxford Asset Management raised its position in PFSweb by 103.3% in the first quarter. Oxford Asset Management now owns 36,146 shares of the business services provider’s stock valued at $236,000 after buying an additional 18,367 shares in the last quarter. Finally, 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 valued at $303,000 after buying an additional 14,524 shares in the last quarter. Hedge funds and other institutional investors own 68.86% of the company’s stock.
Several research firms recently weighed in on PFSW. B. Riley reissued a “buy” rating and set a $13.00 price target on shares of PFSweb in a research report on Sunday, May 14th. Zacks Investment Research raised PFSweb from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $12.79.
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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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