PFSweb Inc. (PFSW) Sees Strong Trading Volume
Shares of PFSweb Inc. (NASDAQ:PFSW) saw unusually-strong trading volume on Tuesday . Approximately 101,945 shares were traded during trading, an increase of 3% from the previous session’s volume of 98,659 shares.The stock last traded at $10.29 and had previously closed at $10.47.
Several analysts recently issued reports on PFSW shares. B. Riley restated a “buy” rating and set a $18.00 target price on shares of PFSweb in a research report on Wednesday, May 4th. Zacks Investment Research lowered shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Lake Street Capital lowered their price target on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. TheStreet downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price target on shares of PFSweb in a report on Tuesday, May 10th. One equities research 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.14.
The company has a 50-day moving average of $9.90 and a 200-day moving average of $12.07. The company’s market cap is $185.69 million.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company earned $77.20 million during the quarter, compared to analysts’ expectations of $70.74 million. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts expect that PFSweb Inc. will post $0.32 EPS for the current fiscal year.
In related news, SVP Steven Stephan sold 27,047 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $13.15, for a total value of $355,668.05. Following the transaction, the senior vice president now owns 23,124 shares in the company, valued at approximately $304,080.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael C. Willoughby sold 17,777 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $13.04, for a total transaction of $231,812.08. Following the completion of the transaction, the chief executive officer now owns 150,875 shares in the company, valued at approximately $1,967,410. 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 13F filing with the Securities and Exchange Commission. 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 approximately 2.01% of PFSweb worth $4,668,000 as of its most recent filing with the SEC.
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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