PFSweb, Inc. (PFSW) Receives Buy Rating from Northland Securities
PFSweb, Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating reaffirmed by research analysts at Northland Securities in a research note issued on Friday. They currently have a $9.00 target price on the business services provider’s stock. Northland Securities’ price objective would suggest a potential upside of 29.50% from the company’s current price.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered PFSweb from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Canaccord Genuity reissued a “buy” rating and set a $12.00 price target on shares of PFSweb in a report on Monday, October 2nd. B. Riley reissued a “buy” rating and set a $13.00 price target on shares of PFSweb in a report on Tuesday. Finally, Craig Hallum lowered PFSweb from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. PFSweb presently has an average rating of “Hold” and a consensus target price of $10.75.
PFSweb (NASDAQ PFSW) traded down $0.11 during trading on Friday, reaching $6.95. The company had a trading volume of 167,513 shares, compared to its average volume of 63,145. The stock has a market capitalization of $131.94, a PE ratio of 263.33 and a beta of 0.89. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.13. PFSweb has a 12 month low of $5.83 and a 12 month high of $9.60.
PFSweb (NASDAQ:PFSW) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $77.13 million. PFSweb had a positive return on equity of 1.98% and a negative net margin of 3.30%. equities research analysts anticipate that PFSweb will post 0.1 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of 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 acquiring an additional 4,811 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of PFSweb in the third quarter worth about $230,000. LMR Partners LLP purchased a new stake in shares of PFSweb in the second quarter worth about $309,000. UBS Group AG lifted 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of PFSweb in the second quarter worth about $432,000. 57.95% 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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