California State Teachers Retirement System Has $293,000 Stake in PFSweb Inc. (PFSW)
California State Teachers Retirement System boosted its position in PFSweb Inc. (NASDAQ:PFSW) by 19.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,797 shares of the company’s stock after buying an additional 4,960 shares during the period. California State Teachers Retirement System owned approximately 0.17% of PFSweb worth $293,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in PFSweb by 107.3% in the first quarter. Wellington Management Group LLP now owns 1,941,600 shares of the company’s stock valued at $25,474,000 after buying an additional 1,004,800 shares during the period. Geode Capital Management LLC increased its position in 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. Northpointe Capital LLC bought a new position in PFSweb during the second quarter valued at $208,000. Rice Hall James & Associates LLC bought a new position in PFSweb during the second quarter valued at $1,137,000. Finally, State Street Corp increased its position in PFSweb by 6.0% in the first quarter. State Street Corp now owns 136,027 shares of the company’s stock valued at $1,782,000 after buying an additional 7,732 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.
PFSweb Inc. (NASDAQ:PFSW) traded up 0.47% during mid-day trading on Tuesday, hitting $8.59. 5,890 shares of the stock traded hands. The firm’s 50-day moving average is $9.27 and its 200-day moving average is $11.09. PFSweb Inc. has a 12-month low of $8.37 and a 12-month high of $16.54. The company’s market cap is $160.63 million.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Monday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $77.20 million for the quarter, compared to the consensus estimate of $70.74 million. PFSweb had a negative net margin of 2.30% and a negative return on equity of 6.67%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that PFSweb Inc. will post $0.32 EPS for the current year.
Several research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $18.00 price target on shares of PFSweb in a research report on Wednesday, September 21st. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 price objective on shares of PFSweb in a report on Tuesday, August 9th. Lake Street Capital cut their price objective on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Cowen and Company initiated coverage on shares of PFSweb in a report on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.14.
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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