PFSweb Inc. (PFSW) Stock Price Up 3.7%
Shares of PFSweb Inc. (NASDAQ:PFSW) rose 3.7% during trading on Monday . The stock traded as high as $9.78 and last traded at $9.76, with a volume of 113,681 shares changing hands. The stock had previously closed at $9.41.
PFSW has been the subject of several research reports. Wunderlich initiated coverage on shares of PFSweb in a research report on Friday, April 15th. They issued a “buy” rating and a $19.00 price target for the company. Zacks Investment Research upgraded shares of PFSweb from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, March 16th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of PFSweb in a research report on Tuesday, March 15th. TheStreet downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Northland Securities initiated coverage on shares of PFSweb in a research report on Thursday, April 21st. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.80.
The stock’s market capitalization is $178.72 million. The company has a 50-day moving average price of $11.21 and a 200 day moving average price of $12.49.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.12. The business earned $75.10 million during the quarter, compared to the consensus estimate of $71.96 million. The company’s revenue was up 17.7% compared to the same quarter last year. Analysts expect that PFSweb Inc. will post $0.35 earnings per share for the current year.
In other PFSweb news, CEO Michael C. Willoughby sold 17,777 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $13.04, for a total value of $231,812.08. Following the sale, the chief executive officer now directly owns 150,875 shares in the company, valued at $1,967,410. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elizabeth Johnson sold 6,000 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $14.67, for a total transaction of $88,020.00. Following the completion of the sale, the senior vice president now owns 19,802 shares in the company, valued at $290,495.34. The disclosure for this sale can be found here.
An institutional investor recently raised its position in PFSweb stock. Dimensional Fund Advisors LP raised its stake in PFSweb Inc. (NASDAQ:PFSW) by 50.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 362,697 shares of the company’s stock after buying an additional 121,305 shares during the period. Dimensional Fund Advisors LP owned about 2.01% of PFSweb worth $4,668,000 as of its most recent SEC filing.
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. Its service offerings include Website design, creation and integration, digital agency and marketing, eCommerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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