Punch & Associates Investment Management Inc. Raises Holdings in PFSweb, Inc. (PFSW)
Punch & Associates Investment Management Inc. raised its stake in PFSweb, Inc. (NASDAQ:PFSW) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,188 shares of the business services provider’s stock after acquiring an additional 32,000 shares during the period. Punch & Associates Investment Management Inc. owned 1.35% of PFSweb worth $2,108,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Engine Capital Management LLC raised its holdings in shares of PFSweb by 8,310.8% during the first quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock valued at $5,497,000 after buying an additional 831,747 shares during the last quarter. Algert Global LLC bought a new stake in shares of PFSweb during the second quarter valued at approximately $622,000. Russell Investments Group Ltd. bought a new stake in shares of PFSweb during the second quarter valued at approximately $535,000. Goldman Sachs Group Inc. bought a new stake in shares of PFSweb during the second quarter valued at approximately $454,000. Finally, Dimensional Fund Advisors LP raised its holdings 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 last quarter. Institutional investors own 57.48% of the company’s stock.
In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $8.00, for a total transaction of $461,232.00. Following the sale, the executive vice president now directly 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 available through this link. 5.20% of the stock is currently owned by corporate insiders.
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PFSW has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of PFSweb in a report on Friday, August 4th. 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, Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 price target on shares of PFSweb in a report on Monday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.20.
PFSweb, Inc. (NASDAQ PFSW) traded down 1.26% during midday trading on Thursday, hitting $8.61. The stock had a trading volume of 40,143 shares. The company’s market cap is $163.44 million. The stock’s 50 day moving average price is $7.97 and its 200-day moving average price is $7.50. PFSweb, Inc. has a 52 week low of $5.83 and a 52 week high of $9.60.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $78.07 million for 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%. Equities research analysts predict that PFSweb, Inc. will post $0.30 earnings per share for the current year.
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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