PFSweb, Inc. (NASDAQ:PFSW) Receives $13.50 Consensus Price Target from Brokerages
Shares of PFSweb, Inc. (NASDAQ:PFSW) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.50.
Several equities analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of PFSweb in a research note on Wednesday, March 22nd. Zacks Investment Research downgraded PFSweb from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd.
In related news, EVP Cynthia D. Almond sold 57,654 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the transaction, the executive vice president now owns 77,863 shares in the company, valued at $622,904. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Reilly sold 4,255 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $6.95, for a total value of $29,572.25. Following the completion of the transaction, the director now owns 26,383 shares in the company, valued at approximately $183,361.85. The disclosure for this sale can be found here. Insiders have sold 70,072 shares of company stock valued at $548,881 in the last three months. Insiders own 5.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PFSW. Engine Capital Management LLC boosted its position in shares of PFSweb by 8,310.8% in the first quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock worth $5,497,000 after buying an additional 831,747 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of PFSweb by 105.3% in the first quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock worth $447,000 after buying an additional 35,118 shares during the last quarter. Teton Advisors Inc. boosted its position in shares of PFSweb by 13.7% in the first quarter. Teton Advisors Inc. now owns 283,441 shares of the business services provider’s stock worth $1,851,000 after buying an additional 34,169 shares during the last quarter. UBS Group AG boosted its position in shares of PFSweb by 194.9% in the first quarter. UBS Group AG now owns 50,895 shares of the business services provider’s stock worth $333,000 after buying an additional 33,637 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of PFSweb during the first quarter worth approximately $185,000. Institutional investors own 68.33% of the company’s stock.
PFSweb (NASDAQ PFSW) traded up 0.73% during mid-day trading on Friday, hitting $8.23. 22,720 shares of the company traded hands. The company’s 50-day moving average price is $7.31 and its 200 day moving average price is $7.49. PFSweb has a one year low of $5.83 and a one year high of $11.21. The company’s market capitalization is $154.96 million.
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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