PFSweb, Inc. (PFSW) Downgraded by Zacks Investment Research

PFSweb, Inc. (NASDAQ:PFSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, October 20th.

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. “

PFSW has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating and issued a $13.00 price target on shares of PFSweb in a research report on Wednesday, August 9th. Northland Securities reiterated a “buy” rating and issued a $11.00 price target on shares of PFSweb in a research report on Thursday, August 10th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $12.00 price target on shares of PFSweb in a research report on Monday, October 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.15.

PFSweb (NASDAQ:PFSW) opened at 8.35 on Friday. PFSweb has a 52 week low of $5.83 and a 52 week high of $9.60. The firm’s market cap is $158.51 million. The stock’s 50 day moving average price is $8.22 and its 200 day moving average price is $7.71.

PFSweb (NASDAQ:PFSW) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $78.07 million for the quarter, compared to analyst estimates of $77.13 million. PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%. On average, equities research analysts predict that PFSweb will post $0.30 EPS for the current year.

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Several large investors have recently made changes to their positions in PFSW. Parametric Portfolio Associates LLC lifted its stake in shares of PFSweb by 25.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 4,811 shares during the period. LMR Partners LLP acquired a new position in shares of PFSweb in the 2nd quarter valued at about $309,000. UBS Group AG lifted its stake in shares of PFSweb by 194.9% in the 1st quarter. UBS Group AG now owns 50,895 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 33,637 shares during the period. Susquehanna International Group LLP acquired a new position in shares of PFSweb in the 2nd quarter valued at about $432,000. Finally, Kennedy Capital Management Inc. lifted its stake in shares of PFSweb by 105.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 35,118 shares during the period. 57.94% of the stock is currently owned by 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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