PFSweb Inc. (PFSW) Shares Down 5.3%
PFSweb Inc. (NASDAQ:PFSW)’s share price dropped 5.3% during trading on Wednesday . The stock traded as low as $9.28 and last traded at $9.35, with a volume of 89,798 shares traded. The stock had previously closed at $9.87.
PFSW has been the subject of several research reports. Wunderlich restated a “buy” rating on shares of PFSweb in a research note on Wednesday, July 6th. Lake Street Capital dropped their price target on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of PFSweb in a research note on Tuesday, August 9th. TheStreet cut shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research cut shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. PFSweb presently has an average rating of “Buy” and a consensus price target of $17.14.
The stock’s market capitalization is $174.85 million. The stock has a 50 day moving average of $9.89 and a 200-day moving average of $11.96.
PFSweb (NASDAQ:PFSW) last posted its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The business earned $77.20 million during the quarter, compared to analyst estimates of $70.74 million. The company’s revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that PFSweb Inc. will post $0.32 earnings per share for the current year.
In other PFSweb news, SVP Steven Stephan sold 27,047 shares of PFSweb 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 completion of the sale, the senior vice president now directly owns 23,124 shares in the company, valued at $304,080.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
An institutional investor recently raised its position in PFSweb stock. Dimensional Fund Advisors LP raised its position in shares of PFSweb Inc. (NASDAQ:PFSW) by 50.3% during the fourth quarter, according to its most recent disclosure 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 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.
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