PFSweb, Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating reiterated by research analysts at Northland Securities in a research report issued to clients and investors on Thursday. They currently have a $11.00 target price on the business services provider’s stock. Northland Securities’ price objective would indicate a potential upside of 42.67% from the stock’s previous close.
A number of other analysts have also recently weighed in on PFSW. B. Riley reiterated a “buy” rating and issued a $13.00 price target on shares of PFSweb in a research report on Monday, April 17th. Zacks Investment Research cut PFSweb from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.15.
Shares of PFSweb (NASDAQ PFSW) opened at 7.71 on Thursday. The firm has a 50-day moving average price of $7.95 and a 200-day moving average price of $7.38. PFSweb has a 1-year low of $5.83 and a 1-year high of $10.67. The company’s market capitalization is $145.17 million.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). PFSweb had a negative return on equity of 1.66% and a negative net margin of 3.55%. The firm had revenue of $78.07 million for the quarter, compared to analysts’ expectations of $77.13 million. Equities analysts anticipate that PFSweb will post $0.32 earnings per share for the current year.
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In other PFSweb news, insider Christopher Travis Hess sold 3,908 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $7.00, for a total value of $27,356.00. Following the transaction, the insider now owns 1,017 shares of the company’s stock, valued at $7,119. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Cynthia D. Almond sold 57,654 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the completion of the transaction, the executive vice president now directly owns 77,863 shares in the company, valued at approximately $622,904. The disclosure for this sale can be found here. In the last three months, insiders sold 70,072 shares of company stock worth $548,881. Insiders own 5.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Trexquant Investment LP acquired a new position in PFSweb during the first quarter worth approximately $185,000. Kennedy Capital Management Inc. raised its position in PFSweb by 105.3% in the first quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock worth $447,000 after buying an additional 35,118 shares in the last quarter. Teachers Advisors LLC raised its position in PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after buying an additional 14,524 shares in the last quarter. Engine Capital Management LLC raised its position in PFSweb by 8,310.8% in the first quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock worth $5,497,000 after buying an additional 831,747 shares in the last quarter. Finally, AWM Investment Company Inc. raised its position in PFSweb by 0.9% in the first quarter. AWM Investment Company Inc. now owns 1,560,394 shares of the business services provider’s stock worth $10,189,000 after buying an additional 14,656 shares in the last quarter. 68.86% of the stock is currently owned by institutional investors.
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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