Century Capital Management LLC cut its stake in PFSweb, Inc. (NASDAQ:PFSW) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,480 shares of the business services provider’s stock after selling 25,680 shares during the period. Century Capital Management LLC owned 0.46% of PFSweb worth $714,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in shares of PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after acquiring an additional 4,811 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of PFSweb during the first quarter worth approximately $185,000. Teachers Advisors LLC raised its stake in shares of PFSweb by 68.6% during 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 during the last quarter. Oxford Asset Management raised its stake in shares of PFSweb by 103.3% during the first quarter. Oxford Asset Management now owns 36,146 shares of the business services provider’s stock worth $236,000 after buying an additional 18,367 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of PFSweb during the second quarter worth approximately $309,000. 57.48% of the stock is owned by institutional investors.
Shares of PFSweb, Inc. (NASDAQ:PFSW) opened at 7.89 on Wednesday. The company’s market capitalization is $149.78 million. PFSweb, Inc. has a 1-year low of $5.83 and a 1-year high of $9.79. The company’s 50 day moving average is $7.74 and its 200-day moving average is $7.38.
PFSweb (NASDAQ:PFSW) last posted its earnings results on Monday, August 7th. The business services provider reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. The business had revenue of $78.07 million for the quarter, compared to the consensus estimate of $77.13 million. On average, equities research analysts forecast that PFSweb, Inc. will post $0.36 EPS for the current year.
In related news, EVP Cynthia D. Almond sold 57,654 shares of PFSweb stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $8.00, for a total transaction of $461,232.00. Following the sale, the executive vice president now directly owns 77,863 shares in the company, valued at approximately $622,904. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on PFSW shares. B. Riley reissued a “buy” rating and set a $13.00 price target on shares of PFSweb in a research note on Friday, August 4th. Zacks Investment Research raised shares of PFSweb from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Northland Securities reissued a “buy” rating and set a $11.00 price target on shares of PFSweb in a research note on Thursday, August 10th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average 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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