PFSweb, Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a report issued on Monday. They presently have a $12.00 price objective on the business services provider’s stock. Canaccord Genuity’s target price indicates a potential upside of 37.93% from the company’s previous close.

Several other research firms have also commented on PFSW. Zacks Investment Research raised PFSweb from a “strong sell” rating to a “hold” rating in a report on Thursday, July 20th. Northland Securities reaffirmed a “buy” rating and set a $11.00 price target on shares of PFSweb in a report on Thursday, September 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of PFSweb in a report on Monday, August 14th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. PFSweb presently has an average rating of “Buy” and a consensus price target of $11.20.

PFSweb (NASDAQ:PFSW) opened at 8.70 on Monday. The stock’s market capitalization is $165.15 million. PFSweb has a 12 month low of $5.83 and a 12 month high of $9.60. The company has a 50 day moving average of $7.94 and a 200 day moving average of $7.49.

PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). The business had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $77.13 million. PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. On average, equities 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 business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $8.00, for a total transaction of $461,232.00. Following the completion of the sale, the executive vice president now owns 77,863 shares in the company, valued at approximately $622,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new stake in PFSweb during the 2nd quarter worth $432,000. Engine Capital Management LLC lifted its position in PFSweb by 8.4% in the second quarter. Engine Capital Management LLC now owns 912,690 shares of the business services provider’s stock valued at $7,539,000 after acquiring an additional 70,935 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in PFSweb by 14.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 255,188 shares of the business services provider’s stock valued at $2,108,000 after acquiring an additional 32,000 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in PFSweb in the second quarter valued at $454,000. Finally, Dimensional Fund Advisors LP lifted its position in PFSweb by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 590,612 shares of the business services provider’s stock valued at $4,878,000 after acquiring an additional 41,557 shares during the last quarter. 57.48% of the stock is currently owned by hedge funds and other institutional investors.

PFSweb Company Profile

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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