GSA Capital Partners LLP purchased a new position in PFSweb Inc. (NASDAQ:PFSW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,600 shares of the company’s stock, valued at approximately $215,000. GSA Capital Partners LLP owned approximately 0.12% of PFSweb at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of PFSW. State Street Corp increased its position in shares of PFSweb by 6.0% in the first quarter. State Street Corp now owns 136,027 shares of the company’s stock worth $1,782,000 after buying an additional 7,732 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PFSweb by 20.4% in the first quarter. Geode Capital Management LLC now owns 110,629 shares of the company’s stock worth $1,451,000 after buying an additional 18,772 shares in the last quarter. Wellington Management Group LLP increased its position in shares of 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. Punch & Associates Investment Management Inc. increased its position in shares of PFSweb by 23.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 196,000 shares of the company’s stock worth $1,862,000 after buying an additional 37,100 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of PFSweb during the second quarter worth about $297,000. Institutional investors own 64.24% of the company’s stock.
PFSweb Inc. (NASDAQ:PFSW) traded down 0.33% during midday trading on Friday, hitting $8.93. The company had a trading volume of 108,538 shares. PFSweb Inc. has a 52-week low of $8.90 and a 52-week high of $16.54. The stock’s 50-day moving average price is $9.56 and its 200-day moving average price is $11.40. The stock’s market cap is $166.99 million.
PFSweb (NASDAQ:PFSW) last issued its quarterly 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. The firm had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $70.74 million. PFSweb had a negative return on equity of 6.67% and a negative net margin of 2.30%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities research analysts expect that PFSweb Inc. will post $0.32 EPS for the current fiscal year.
PFSW has been the topic of a number of recent analyst reports. TheStreet downgraded PFSweb from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Wunderlich restated a “buy” rating on shares of PFSweb in a research report on Wednesday, July 6th. Zacks Investment Research downgraded PFSweb from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. B. Riley restated a “buy” rating and issued a $18.00 target price on shares of PFSweb in a research report on Friday, August 5th. Finally, Cowen and Company initiated coverage on PFSweb in a research report on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.14.
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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