PFSweb, Inc. (NASDAQ:PFSW) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 36,500 shares, a decline of 8.8% from the April 30th total of 40,000 shares. Based on an average daily volume of 56,100 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.
In other news, Director James F. Reilly sold 6,900 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $5.84, for a total transaction of $40,296.00. Following the transaction, the director now directly owns 65,422 shares of the company’s stock, valued at $382,064.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in PFSweb by 7.0% during the fourth quarter. Renaissance Technologies LLC now owns 661,339 shares of the business services provider’s stock valued at $2,526,000 after buying an additional 43,100 shares in the last quarter. Marshall Wace LLP acquired a new position in PFSweb in the first quarter worth approximately $104,000. Engine Capital Management LP grew its holdings in PFSweb by 1.4% during the first quarter. Engine Capital Management LP now owns 1,362,549 shares of the business services provider’s stock valued at $7,032,000 after purchasing an additional 18,497 shares during the last quarter. Zebra Capital Management LLC acquired a new stake in shares of PFSweb in the fourth quarter worth $57,000. Finally, Acadian Asset Management LLC grew its stake in shares of PFSweb by 10.5% in the first quarter. Acadian Asset Management LLC now owns 153,499 shares of the business services provider’s stock worth $461,000 after acquiring an additional 14,581 shares during the last quarter. Institutional investors and hedge funds own 51.33% of the company’s stock.
A number of research firms have recently commented on PFSW. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Thursday, May 14th. B. Riley upped their price target on shares of PFSweb from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, May 8th. Needham & Company LLC upped their price target on shares of PFSweb from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, ValuEngine cut shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.19.
Shares of NASDAQ:PFSW traded up $0.54 on Friday, reaching $5.95. 185,248 shares of the company’s stock were exchanged, compared to its average volume of 136,332. The firm has a market capitalization of $105.31 million, a price-to-earnings ratio of 45.08 and a beta of 1.48. PFSweb has a fifty-two week low of $1.50 and a fifty-two week high of $6.78. The business’s 50-day moving average is $4.18 and its two-hundred day moving average is $3.86. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.48.
PFSweb (NASDAQ:PFSW) last issued its earnings results on Thursday, March 12th. The business services provider reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. The company had revenue of $85.37 million for the quarter, compared to analysts’ expectations of $87.45 million. PFSweb had a negative net margin of 0.42% and a positive return on equity of 4.19%. Analysts predict that PFSweb will post 0.25 earnings per share 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, LiveArea Professional Services and PFS Operations. 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 design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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