Northpointe Capital LLC Takes Position in PFSweb Inc. (PFSW)
Northpointe Capital LLC purchased a new stake in shares of PFSweb Inc. (NASDAQ:PFSW) during the second quarter, Holdings Channel reports. The institutional investor purchased 21,936 shares of the company’s stock, valued at approximately $208,000.
A number of other hedge funds have also bought and sold shares of PFSW. Bank of Montreal Can bought a new position in shares of PFSweb during the second quarter valued at $287,000. Acadian Asset Management LLC bought a new position in shares of PFSweb during the second quarter valued at $297,000. Palo Capital Inc. bought a new position in shares of PFSweb during the second quarter valued at $378,000. Geode Capital Management LLC boosted its position in shares of PFSweb by 20.4% in the first quarter. Geode Capital Management LLC now owns 110,629 shares of the company’s stock valued at $1,451,000 after buying an additional 18,772 shares during the period. Finally, Rice Hall James & Associates LLC bought a new position in shares of PFSweb during the second quarter valued at $1,137,000. 64.24% of the stock is owned by institutional investors and hedge funds.
Shares of PFSweb Inc. (NASDAQ:PFSW) traded down 3.39% during midday trading on Friday, reaching $8.84. The company had a trading volume of 72,473 shares. The stock’s market capitalization is $165.31 million. The company’s 50-day moving average is $9.43 and its 200-day moving average is $11.27. PFSweb Inc. has a 1-year low of $8.67 and a 1-year high of $16.54.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $70.74 million. PFSweb had a negative return on equity of 6.67% and a negative net margin of 2.30%. The firm’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that PFSweb Inc. will post $0.32 EPS for the current year.
Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $18.00 price objective on shares of PFSweb in a research note on Wednesday, September 21st. Zacks Investment Research cut PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Lake Street Capital dropped their price objective on PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. TheStreet cut PFSweb from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $17.00 price objective on shares of PFSweb in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. PFSweb presently has a consensus rating of “Buy” and an average price target of $17.14.
PFSweb Company Profile
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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