PFSweb Inc. (PFSW) Trading 1.9% Higher
PFSweb Inc. (NASDAQ:PFSW) shares traded up 1.9% during trading on Monday . The stock traded as high as $9.61 and last traded at $9.56, with a volume of 52,992 shares traded. The stock had previously closed at $9.38.
Several research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $18.00 target price on shares of PFSweb in a report on Monday, May 9th. Zacks Investment Research downgraded PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Lake Street Capital cut their target price on PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of PFSweb in a report on Tuesday, May 10th. Finally, Wunderlich reaffirmed a “buy” rating on shares of PFSweb in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $17.14.
The firm’s market capitalization is $178.77 million. The firm has a 50-day moving average of $9.89 and a 200-day moving average of $12.00.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings results on Monday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm earned $77.20 million during the quarter, compared to the consensus estimate of $70.74 million. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts predict that PFSweb Inc. will post $0.32 earnings per share for the current year.
In related news, CEO Michael C. Willoughby sold 17,777 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $13.04, for a total value of $231,812.08. Following the transaction, the chief executive officer now owns 150,875 shares of the company’s stock, valued at $1,967,410. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Steven Stephan sold 27,047 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 23,124 shares in the company, valued at approximately $304,080.60. The disclosure for this sale can be found here.
An institutional investor recently raised its position in PFSweb stock. Dimensional Fund Advisors LP boosted its position in shares of 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 approximately 2.01% of PFSweb worth $4,668,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.