PFSweb, Inc. (NASDAQ:PFSW) Rating Reiterated by Northland Securities
PFSweb, Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating reissued by Northland Securities in a research note issued on Thursday. They presently have a $11.00 target price on the business services provider’s stock. Northland Securities’ price objective suggests a potential upside of 42.67% from the company’s previous close.
Other analysts also recently issued research reports about the stock. B. Riley reissued a “buy” rating and set a $13.00 price target on shares of PFSweb in a research report on Wednesday. Zacks Investment Research raised shares of PFSweb from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. PFSweb has a consensus rating of “Buy” and a consensus price target of $11.15.
PFSweb (NASDAQ:PFSW) opened at 7.71 on Thursday. PFSweb has a 12-month low of $5.83 and a 12-month high of $10.67. The firm’s market cap is $145.17 million. The firm’s 50-day moving average is $7.95 and its 200 day moving average is $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 (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.66%. The company had revenue of $78.07 million during the quarter, compared to the consensus estimate of $77.13 million. Equities research analysts predict that PFSweb will post $0.32 EPS for the current year.
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In related news, Director James F. Reilly sold 4,255 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $6.95, for a total transaction of $29,572.25. Following the transaction, the director now directly owns 26,383 shares in the company, valued at $183,361.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia D. Almond sold 57,654 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the transaction, the executive vice president now owns 77,863 shares in the company, valued at $622,904. The disclosure for this sale can be found here. Insiders have sold 70,072 shares of company stock valued at $548,881 in the last three months. Corporate insiders own 5.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 10,345 shares during the period. Teachers Advisors LLC boosted its position in shares of PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock valued at $303,000 after buying an additional 14,524 shares during the period. Mesirow Financial Investment Management Equity Management boosted its position in shares of PFSweb by 47.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 32,950 shares of the business services provider’s stock valued at $215,000 after buying an additional 10,570 shares during the period. Teton Advisors Inc. boosted its position in shares of PFSweb by 13.7% in the first quarter. Teton Advisors Inc. now owns 283,441 shares of the business services provider’s stock valued at $1,851,000 after buying an additional 34,169 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position 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 valued at $153,000 after buying an additional 4,811 shares during the period. Hedge funds and other institutional investors own 68.86% 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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