Zacks Investment Research downgraded shares of PFSweb, Inc. (NASDAQ:PFSW) from a strong-buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders. “

Several other equities analysts have also recently commented on PFSW. B. Riley restated a buy rating and set a $13.00 target price on shares of PFSweb in a research report on Wednesday, August 9th. Northland Securities restated a buy rating and set a $11.00 target price on shares of PFSweb in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PFSweb has an average rating of Buy and an average price target of $11.10.

Shares of PFSweb (NASDAQ:PFSW) opened at 8.35 on Tuesday. The firm’s market capitalization is $158.51 million. The company has a 50-day moving average price of $7.76 and a 200 day moving average price of $7.42. PFSweb has a 1-year low of $5.83 and a 1-year high of $9.60.

PFSweb (NASDAQ:PFSW) last posted its earnings results on Monday, August 7th. The business services provider reported ($0.03) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%. The business had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $77.13 million. On average, equities research analysts predict that PFSweb will post $0.30 EPS for the current year.

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In other news, EVP Cynthia D. Almond sold 57,654 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the completion of the transaction, the executive vice president now directly owns 77,863 shares in the company, valued at approximately $622,904. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kennedy Capital Management Inc. boosted its holdings in shares of PFSweb by 2.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 69,918 shares of the business services provider’s stock worth $578,000 after purchasing an additional 1,458 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of PFSweb by 25.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after purchasing an additional 4,811 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of PFSweb by 68.6% in the 4th quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after purchasing an additional 14,524 shares in the last quarter. AWM Investment Company Inc. boosted its holdings in shares of PFSweb by 0.9% in the 1st quarter. AWM Investment Company Inc. now owns 1,560,394 shares of the business services provider’s stock worth $10,189,000 after purchasing an additional 14,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PFSweb by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock worth $3,585,000 after purchasing an additional 15,789 shares in the last quarter. Hedge funds and other institutional investors own 57.48% of the company’s stock.

About PFSweb

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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