PFSweb, Inc. (PFSW) Rating Increased to Strong-Buy at Zacks Investment Research
PFSweb, Inc. (NASDAQ:PFSW) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The brokerage presently has a $9.50 target price on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 8.94% from the stock’s previous close.
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. “
Other analysts also recently issued research reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $12.00 price target on shares of PFSweb in a report on Monday. Northland Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of PFSweb in a report on Thursday, September 21st. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of PFSweb in a report on Monday, August 14th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. PFSweb currently has a consensus rating of “Buy” and a consensus price target of $11.20.
PFSweb (NASDAQ:PFSW) traded up 0.46% during midday trading on Tuesday, hitting $8.76. 53,353 shares of the stock traded hands. The company’s 50 day moving average is $7.97 and its 200-day moving average is $7.50. PFSweb has a one year low of $5.83 and a one year high of $9.60. The company’s market cap is $166.29 million.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. The company had revenue of $78.07 million for the quarter, compared to the consensus estimate of $77.13 million. On average, equities research analysts forecast that PFSweb will post $0.30 EPS for the current fiscal year.
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In related news, EVP Cynthia D. Almond sold 57,654 shares of the company’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 transaction, the executive vice president now owns 77,863 shares of the company’s stock, valued at $622,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of PFSweb during the second quarter valued at approximately $432,000. Engine Capital Management LLC lifted its stake in shares of PFSweb by 8.4% during 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 buying an additional 70,935 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in shares of PFSweb by 14.3% during 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 buying an additional 32,000 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of PFSweb during the second quarter valued at approximately $454,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of PFSweb by 7.6% during 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 buying an additional 41,557 shares during the period. 57.48% of the stock is currently owned by institutional investors and hedge funds.
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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