PFSweb Inc. (PFSW) Sees Strong Trading Volume
Shares of PFSweb Inc. (NASDAQ:PFSW) saw an uptick in trading volume on Tuesday . 101,945 shares were traded during trading, an increase of 3% from the previous session’s volume of 98,659 shares.The stock last traded at $10.29 and had previously closed at $10.47.
PFSW has been the subject of a number of research reports. B. Riley restated a “buy” rating and issued a $18.00 price target on shares of PFSweb in a report on Monday, May 9th. Zacks Investment Research cut shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Lake Street Capital reduced their price target 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. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of PFSweb in a report on Tuesday, May 10th. Finally, Wunderlich restated a “buy” rating on shares of PFSweb in a report on Wednesday, July 6th. One equities research 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. The stock has a consensus rating of “Buy” and an average price target of $17.14.
The stock’s 50-day moving average price is $9.90 and its 200 day moving average price is $12.06. The firm’s market capitalization is $180.83 million.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data 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 analysts’ expectations of $70.74 million. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that PFSweb Inc. will post $0.32 EPS for the current fiscal year.
In related news, SVP Steven Stephan sold 27,047 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $13.15, for a total transaction 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 approximately $304,080.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael C. Willoughby sold 17,777 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $13.04, for a total transaction of $231,812.08. Following the sale, the chief executive officer now owns 150,875 shares of the company’s stock, valued at $1,967,410. 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.
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.