PFSweb, Inc. (PFSW) Given Consensus Recommendation of “Buy” by Analysts
PFSweb, Inc. (NASDAQ:PFSW) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.88.
Several equities research analysts recently weighed in on the stock. B. Riley set a $11.00 price target on shares of PFSweb and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Dougherty & Co assumed coverage on shares of PFSweb in a research report on Tuesday, December 19th. They issued a “buy” rating and a $9.00 price target on the stock.
A number of hedge funds have recently bought and sold shares of PFSW. Dimensional Fund Advisors LP increased its position 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 valued at $4,878,000 after acquiring an additional 41,557 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in PFSweb during the second quarter valued at $454,000. Russell Investments Group Ltd. increased its position in PFSweb by 63.2% during the third quarter. Russell Investments Group Ltd. now owns 105,615 shares of the business services provider’s stock valued at $882,000 after acquiring an additional 40,917 shares during the last quarter. Macquarie Group Ltd. bought a new position in PFSweb during the third quarter valued at $230,000. Finally, OxFORD Asset Management LLP bought a new position in PFSweb during the third quarter valued at $130,000. Institutional investors and hedge funds own 61.91% of the company’s stock.
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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