PFSweb, Inc. (PFSW) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of PFSweb, Inc. (NASDAQ:PFSW) from a strong sell rating to a hold rating in a report published on Thursday.
According to Zacks, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders. “
Separately, B. Riley reiterated a buy rating and set a $13.00 price target on shares of PFSweb in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $12.79.
PFSweb (NASDAQ PFSW) opened at 8.08 on Thursday. The firm’s 50-day moving average price is $7.75 and its 200 day moving average price is $7.43. The firm’s market cap is $152.14 million. PFSweb has a 52-week low of $5.83 and a 52-week high of $11.21.
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In other PFSweb news, Director James F. Reilly sold 4,255 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $6.95, for a total transaction of $29,572.25. Following the completion of the transaction, the director now directly owns 26,383 shares of the company’s stock, valued at approximately $183,361.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Cynthia D. Almond sold 57,654 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $8.00, for a total value of $461,232.00. Following the transaction, the executive vice president now directly owns 77,863 shares of the company’s stock, valued at $622,904. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,072 shares of company stock worth $548,881. 5.20% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its position in shares of PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after buying an additional 4,811 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of PFSweb during the first quarter worth about $185,000. Mesirow Financial Investment Management Equity Management raised its position in shares of PFSweb by 47.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 32,950 shares of the business services provider’s stock worth $215,000 after buying an additional 10,570 shares during the last quarter. Teachers Advisors LLC raised its position in shares of PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after buying an additional 14,524 shares during the last quarter. Finally, Oxford Asset Management raised its position in shares of PFSweb by 103.3% in the first quarter. Oxford Asset Management now owns 36,146 shares of the business services provider’s stock worth $236,000 after buying an additional 18,367 shares during the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.
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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