Essex Investment Management Co. LLC lowered its stake in shares of PFSweb Inc. (NASDAQ:PFSW) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,535 shares of the company’s stock after selling 876 shares during the period. Essex Investment Management Co. LLC’s holdings in PFSweb were worth $784,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of PFSweb during the second quarter valued at about $287,000. Palo Capital Inc. bought a new stake in shares of PFSweb during the second quarter valued at about $378,000. Acadian Asset Management LLC bought a new stake in shares of PFSweb during the second quarter valued at about $297,000. Punch & Associates Investment Management Inc. boosted its stake 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 valued at $1,862,000 after buying an additional 37,100 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 valued at $25,474,000 after buying an additional 1,004,800 shares in the last quarter. 64.24% of the stock is owned by institutional investors.
Shares of PFSweb Inc. (NASDAQ:PFSW) traded up 1.76% during trading on Wednesday, reaching $9.25. 49,289 shares of the company’s stock were exchanged. The firm’s market capitalization is $172.98 million. PFSweb Inc. has a 52-week low of $8.67 and a 52-week high of $16.54. The company has a 50 day moving average of $9.47 and a 200 day moving average of $11.32.
PFSweb (NASDAQ:PFSW) last released its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. PFSweb had a negative net margin of 2.30% and a negative return on equity of 6.67%. The company earned $77.20 million during the quarter, compared to the consensus estimate of $70.74 million. The company’s revenue was up 22.2% on a year-over-year basis. Equities analysts anticipate that PFSweb Inc. will post $0.32 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $18.00 price target on shares of PFSweb in a research report on Wednesday, September 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $17.00 price target on shares of PFSweb in a research report on Tuesday, August 9th. Lake Street Capital decreased their price target on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Cowen and Company assumed coverage on shares of PFSweb in a research report on Tuesday, August 9th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Zacks Investment Research cut shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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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