PFSweb, Inc. (PFSW) Stake Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC raised its stake in PFSweb, Inc. (NASDAQ:PFSW) by 25.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,503 shares of the business services provider’s stock after buying an additional 4,811 shares during the period. Parametric Portfolio Associates LLC’s holdings in PFSweb were worth $153,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock valued at $303,000 after buying an additional 14,524 shares during the period. State Street Corp increased its position in PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 10,345 shares during the period. Teton Advisors Inc. increased its position in PFSweb by 13.7% in the first quarter. Teton Advisors Inc. now owns 283,441 shares of the business services provider’s stock valued at $1,851,000 after buying an additional 34,169 shares during the period. Finally, Mesirow Financial Investment Management Equity Management increased its position in 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 valued at $215,000 after buying an additional 10,570 shares during the period. Hedge funds and other institutional investors own 68.86% of the company’s stock.
PFSweb, Inc. (PFSW) opened at 7.75 on Wednesday. The stock’s market capitalization is $145.92 million. The stock has a 50 day moving average price of $7.93 and a 200-day moving average price of $7.40. PFSweb, Inc. has a 12-month low of $5.83 and a 12-month high of $11.21.
PFSweb (NASDAQ:PFSW) last issued its earnings results on Monday, August 7th. The business services provider reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). PFSweb had a negative return on equity of 1.66% and a negative net margin of 3.55%. The firm had revenue of $78.07 million for the quarter, compared to the consensus estimate of $77.13 million. Equities research analysts expect that PFSweb, Inc. will post $0.32 EPS for the current year.
Several equities analysts recently weighed in on PFSW shares. Zacks Investment Research downgraded PFSweb from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. B. Riley reiterated a “buy” rating and set a $13.00 target price on shares of PFSweb in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.79.
In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Reilly sold 4,255 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were 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 sold 70,072 shares of company stock worth $548,881 in the last 90 days. Corporate insiders own 5.10% of the company’s stock.
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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