B. Riley Weighs in on PFSweb Inc.’s Q3 2016 Earnings (PFSW)
PFSweb Inc. (NASDAQ:PFSW) – Stock analysts at B. Riley lowered their Q3 2016 EPS estimates for shares of PFSweb in a report issued on Tuesday. B. Riley analyst K. Anderson now forecasts that the firm will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.04). B. Riley currently has a “Buy” rating and a $15.50 target price on the stock. B. Riley also issued estimates for PFSweb’s FY2016 earnings at ($0.02) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.03) EPS, Q3 2017 earnings at ($0.02) EPS and FY2017 earnings at $0.12 EPS.
Several other brokerages also recently commented on PFSW. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price objective on shares of PFSweb in a research report on Tuesday, August 9th. Zacks Investment Research downgraded PFSweb from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Lake Street Capital cut their price objective on PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Cowen and Company assumed coverage on PFSweb in a research report on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.42.
PFSweb (NASDAQ:PFSW) opened at 7.81 on Thursday. The company’s market capitalization is $146.09 million. The stock’s 50 day moving average price is $8.16 and its 200 day moving average price is $10.23. PFSweb has a one year low of $6.71 and a one year high of $15.87.
Large investors have recently modified their holdings of the company. Walleye Trading LLC bought a new stake in shares of PFSweb during the second quarter worth $109,000. Rhumbline Advisers boosted its stake in shares of PFSweb by 1.6% in the third quarter. Rhumbline Advisers now owns 12,723 shares of the company’s stock worth $114,000 after buying an additional 200 shares during the period. Airain ltd bought a new stake in shares of PFSweb during the second quarter worth $128,000. Acrospire Investment Management LLC boosted its stake in shares of PFSweb by 439.0% in the second quarter. Acrospire Investment Management LLC now owns 17,066 shares of the company’s stock worth $162,000 after buying an additional 13,900 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of PFSweb during the second quarter worth $188,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
In related news, insider Steven Stephan sold 16,077 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $7.15, for a total transaction of $114,950.55. Following the completion of the sale, the insider now directly owns 11,577 shares in the company, valued at approximately $82,775.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.20% 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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