PFSweb, Inc. (NASDAQ:PFSW) Rating Reiterated by B. Riley
PFSweb, Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a research report issued on Monday. They presently have a $13.00 target price on the business services provider’s stock. B. Riley’s price objective would indicate a potential upside of 64.97% from the stock’s previous close.
PFSW has been the topic of a number of other reports. Northland Securities restated a “buy” rating and set a $11.00 price objective on shares of PFSweb in a research note on Thursday. Zacks Investment Research cut shares of PFSweb from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. PFSweb presently has an average rating of “Buy” and an average price target of $11.15.
Shares of PFSweb (NASDAQ:PFSW) traded up 1.16% during trading on Monday, hitting $7.88. 40,449 shares of the stock were exchanged. PFSweb has a 12-month low of $5.83 and a 12-month high of $10.67. The stock’s market cap is $149.03 million. The stock has a 50-day moving average of $7.94 and a 200 day moving average of $7.38.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. The business had revenue of $78.07 million for the quarter, compared to analysts’ expectations of $77.13 million. Equities analysts predict that PFSweb will post $0.32 earnings per share for the current fiscal year.
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In other PFSweb news, insider Christopher Travis Hess sold 3,908 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $7.00, for a total value of $27,356.00. Following the sale, the insider now directly owns 1,017 shares in the company, valued at $7,119. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James F. Reilly sold 4,255 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $6.95, for a total transaction of $29,572.25. Following the completion of the sale, 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 sold 70,072 shares of company stock worth $548,881. 5.10% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its stake in shares of PFSweb by 6,161.5% in the second quarter. Wedge Capital Management L L P NC now owns 1,383,800 shares of the business services provider’s stock valued at $48,724,000 after buying an additional 1,361,700 shares during the period. Wellington Management Group LLP boosted its position in shares of PFSweb by 107.3% in the first quarter. Wellington Management Group LLP now owns 1,941,600 shares of the business services provider’s stock worth $25,474,000 after buying an additional 1,004,800 shares in the last quarter. Engine Capital Management LLC boosted 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PFSweb by 50.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 362,697 shares of the business services provider’s stock worth $4,668,000 after buying an additional 121,305 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in shares of PFSweb during the second quarter worth $1,137,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.
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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