PFSweb, Inc. (PFSW) PT Lowered to $12.00
PFSweb, Inc. (NASDAQ:PFSW) had its price target reduced by stock analysts at Canaccord Genuity from $14.00 to $12.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 68.54% from the company’s current price.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of PFSweb from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Friday, January 20th. Wunderlich decreased their price target on shares of PFSweb from $19.00 to $10.50 and set a “buy” rating for the company in a research note on Friday. Finally, B. Riley restated a “buy” rating and set a $15.00 price target on shares of PFSweb in a research note on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $13.13.
Shares of PFSweb (NASDAQ:PFSW) opened at 7.12 on Friday. The firm’s market cap is $133.19 million. PFSweb has a 1-year low of $6.50 and a 1-year high of $15.87. The stock’s 50 day moving average is $7.44 and its 200-day moving average is $8.24.
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A number of hedge funds have recently made changes to their positions in PFSW. Oxford Asset Management acquired a new stake in shares of PFSweb during the fourth quarter worth approximately $151,000. Mesirow Financial Investment Management Equity Management purchased a new stake in PFSweb during the third quarter valued at about $313,000. Ancora Advisors LLC raised its stake in PFSweb by 162.5% in the fourth quarter. Ancora Advisors LLC now owns 55,326 shares of the company’s stock valued at $470,000 after buying an additional 34,247 shares during the last quarter. State Street Corp raised its stake in PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the company’s stock valued at $1,590,000 after buying an additional 10,345 shares during the last quarter. Finally, Teton Advisors Inc. raised its stake in PFSweb by 26.7% in the fourth quarter. Teton Advisors Inc. now owns 249,272 shares of the company’s stock valued at $2,119,000 after buying an additional 52,500 shares during the last quarter. Institutional investors and hedge funds own 60.60% of the company’s stock.
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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