Zacks Investment Research upgraded shares of PFSweb (NASDAQ:PFSW) from a hold rating to a buy rating in a research note published on Thursday. They currently have $6.75 price objective on the business services provider’s stock.
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. “
Several other equities research analysts have also issued reports on the stock. B. Riley set a $12.00 price target on shares of PFSweb and gave the company a buy rating in a research note on Friday, November 9th. ValuEngine lowered shares of PFSweb from a hold rating to a sell rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. PFSweb currently has a consensus rating of Buy and a consensus target price of $10.25.
PFSW stock traded down $0.01 during midday trading on Thursday, hitting $6.35. The company’s stock had a trading volume of 39,200 shares, compared to its average volume of 48,287. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95. PFSweb has a twelve month low of $4.84 and a twelve month high of $11.86. The firm has a market capitalization of $120.56 million, a P/E ratio of 31.75 and a beta of 0.44.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. PFSweb had a net margin of 0.47% and a return on equity of 13.65%. The firm had revenue of $77.70 million for the quarter, compared to analyst estimates of $75.93 million. As a group, equities research analysts forecast that PFSweb will post 0.26 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in shares of PFSweb during the 2nd quarter worth about $131,000. PNC Financial Services Group Inc. acquired a new position in shares of PFSweb during the 3rd quarter worth about $158,000. ClariVest Asset Management LLC acquired a new position in shares of PFSweb during the 3rd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PFSweb during the 3rd quarter worth about $244,000. Finally, Algert Global LLC acquired a new position in shares of PFSweb during the 3rd quarter worth about $249,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.
PFSweb, Inc is global commerce service provider, which engages in delivering integrated technologies, professional services and a worldwide network of systems and logistics to deliver global commerce solutions. It operates through PFSweb, and Business and Retail Connect segments. The PFSweb segment provides various infrastructure, technology and digital agency solutions, and operates as a service fee business globally.
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