Shares of PFSweb Inc. (NASDAQ:PFSW) have earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.20.
Several equities analysts have recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and set a $17.00 target price on shares of PFSweb in a research note on Tuesday, August 9th. Cowen and Company assumed coverage on PFSweb in a research note on Tuesday, August 9th. They set an “outperform” rating and a $15.00 target price on the stock. B. Riley reissued a “buy” rating and set a $18.00 target price on shares of PFSweb in a research note on Friday, September 16th. Wunderlich reissued a “buy” rating on shares of PFSweb in a research note on Wednesday, July 6th. Finally, Zacks Investment Research cut PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th.
Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in PFSweb by 6,161.5% in the second quarter. Wedge Capital Management L L P NC now owns 1,383,800 shares of the company’s stock worth $48,724,000 after buying an additional 1,361,700 shares in the last quarter. Wellington Management Group LLP boosted its stake in PFSweb by 107.3% in the first quarter. Wellington Management Group LLP now owns 1,941,600 shares of the company’s stock worth $25,474,000 after buying an additional 1,004,800 shares in the last quarter. Citadel Advisors LLC boosted its stake in PFSweb by 947.4% in the second quarter. Citadel Advisors LLC now owns 175,682 shares of the company’s stock worth $1,669,000 after buying an additional 158,909 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in PFSweb during the second quarter worth approximately $1,137,000. Finally, Millrace Asset Group Inc. bought a new stake in PFSweb during the second quarter worth approximately $1,094,000. 64.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PFSweb (NASDAQ:PFSW) opened at 9.20 on Monday. PFSweb has a 1-year low of $8.97 and a 1-year high of $16.54. The company’s market capitalization is $172.04 million. The stock’s 50 day moving average price is $9.72 and its 200-day moving average price is $11.55.
PFSweb (NASDAQ:PFSW) last posted its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. PFSweb had a negative return on equity of 6.67% and a negative net margin of 2.30%. The firm had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $70.74 million. PFSweb’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts predict that PFSweb will post $0.32 EPS for the current year.
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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