White Pine Capital LLC lowered its position in PFSweb, Inc. (NASDAQ:PFSW) by 22.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,545 shares of the business services provider’s stock after selling 25,835 shares during the quarter. White Pine Capital LLC owned approximately 0.48% of PFSweb worth $740,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kennedy Capital Management Inc. grew its stake in PFSweb by 2.1% in the second quarter. Kennedy Capital Management Inc. now owns 69,918 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 1,458 shares in the last quarter. Teton Advisors Inc. grew its stake in PFSweb by 8.3% in the second quarter. Teton Advisors Inc. now owns 306,862 shares of the business services provider’s stock valued at $2,535,000 after purchasing an additional 23,421 shares in the last quarter. LMR Partners LLP purchased a new position in PFSweb in the second quarter valued at about $309,000. Algert Global LLC purchased a new position in PFSweb in the second quarter valued at about $622,000. Finally, Russell Investments Group Ltd. purchased a new position in PFSweb in the second quarter valued at about $535,000. Hedge funds and other institutional investors own 57.48% of the company’s stock.
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PFSweb, Inc. (NASDAQ PFSW) traded down 4.22% during mid-day trading on Friday, hitting $7.49. The stock had a trading volume of 37,868 shares. The stock’s 50-day moving average is $7.75 and its 200 day moving average is $7.38. The company’s market capitalization is $142.18 million. PFSweb, Inc. has a 52 week low of $5.83 and a 52 week high of $10.00.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%. The firm had revenue of $78.07 million for the quarter, compared to the consensus estimate of $77.13 million. Equities analysts forecast that PFSweb, Inc. will post $0.36 earnings per share for the current fiscal year.
In other news, EVP Cynthia D. Almond sold 57,654 shares of the firm’s stock in a transaction dated 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 owns 77,863 shares in the company, valued at approximately $622,904. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.
PFSW has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and issued a $13.00 target price on shares of PFSweb in a research note on Sunday, May 14th. Zacks Investment Research downgraded PFSweb from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Northland Securities reiterated a “buy” rating and set a $11.00 price target on shares of PFSweb in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.10.
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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