Diker Management LLC trimmed its holdings in shares of PFSweb, Inc. (NASDAQ:PFSW) by 42.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 122,856 shares of the business services provider’s stock after selling 89,000 shares during the period. Diker Management LLC owned approximately 0.64% of PFSweb worth $1,074,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Teton Advisors Inc. lifted its holdings in shares of PFSweb by 1.7% during the 1st quarter. Teton Advisors Inc. now owns 329,962 shares of the business services provider’s stock worth $2,884,000 after acquiring an additional 5,500 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of PFSweb by 187.5% during the 4th quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock worth $104,000 after acquiring an additional 9,157 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of PFSweb during the 4th quarter worth about $178,000. Stone Ridge Asset Management LLC bought a new position in shares of PFSweb during the 4th quarter worth about $239,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of PFSweb by 24.9% during the 1st quarter. Russell Investments Group Ltd. now owns 227,721 shares of the business services provider’s stock worth $1,991,000 after acquiring an additional 45,443 shares during the period. 62.35% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Thursday, May 17th. ValuEngine raised shares of PFSweb from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. B. Riley set a $11.00 price objective on shares of PFSweb and gave the stock a “buy” rating in a report on Wednesday, March 14th. Craig Hallum upgraded shares of PFSweb from a “hold” rating to a “buy” rating in a research report on Friday, May 11th. Finally, TheStreet upgraded shares of PFSweb from a “d+” rating to a “c” rating in a research report on Thursday, April 19th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. PFSweb has an average rating of “Buy” and a consensus target price of $10.60.
PFSweb (NASDAQ:PFSW) last announced its earnings results on Thursday, March 15th. The business services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $92.67 million during the quarter, compared to analysts’ expectations of $90.82 million. PFSweb had a net margin of 0.04% and a return on equity of 12.61%. equities research analysts forecast that PFSweb, Inc. will post 0.28 EPS for the current fiscal year.
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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