Zacks Investment Research cut shares of PFSweb (NASDAQ:PFSW) from a hold rating to a sell rating in a research note released on Friday morning.

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 have also recently issued reports about the company. B. Riley reissued a buy rating and issued a $13.00 price target on shares of PFSweb in a report on Tuesday, November 7th. Canaccord Genuity reissued a buy rating and issued a $12.00 price target on shares of PFSweb in a report on Monday, October 2nd. Northland Securities reissued a buy rating and issued a $11.00 price target on shares of PFSweb in a report on Thursday, September 21st. Dougherty & Co started coverage on PFSweb in a report on Tuesday, December 19th. They issued a buy rating and a $9.00 price target for the company. Finally, Craig Hallum cut PFSweb from a buy rating to a hold rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $10.46.

PFSweb (NASDAQ:PFSW) traded down $0.17 on Friday, hitting $7.43. The stock had a trading volume of 93,637 shares, compared to its average volume of 45,336. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $141.32, a PE ratio of -12.59 and a beta of 0.78. PFSweb has a 1-year low of $5.83 and a 1-year high of $8.88.

A number of hedge funds have recently modified their holdings of PFSW. Engine Capital Management LLC raised its holdings in PFSweb by 11.6% during the third quarter. Engine Capital Management LLC now owns 1,018,326 shares of the business services provider’s stock worth $8,503,000 after purchasing an additional 105,636 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in PFSweb during the second quarter worth $535,000. Goldman Sachs Group Inc. acquired a new position in PFSweb during the second quarter worth $454,000. Susquehanna International Group LLP acquired a new position in PFSweb during the second quarter worth $432,000. Finally, Dimensional Fund Advisors LP raised its holdings in PFSweb by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 590,612 shares of the business services provider’s stock worth $4,878,000 after purchasing an additional 41,557 shares during the last quarter. 58.32% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for PFSweb (NASDAQ:PFSW)

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